Auto Service - Gas-Conv
7-Eleven Gas & C-Store | Fastest Growing City in U.S. | 15-Year Absolute NNN
4995 Socastee Blvd, Myrtle Beach, SC 29588
Listing Price: $9,094,000
Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
4,650
Lease Type
Absolute Net
Rent Per Square Feet
$102.68
Investment Overview
Marcus & Millichap is pleased to present the 7-Eleven in Myrtle Beach, South Carolina.
7-Eleven Gas & C-Store | Fastest Growing City in U.S. | 15-Year Absolute NNN
Investment Highlights
- New 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Corporate Guaranty by 7-Eleven, Inc., Investment Grade Credit (Rated "A-" by S&P)
- 7-Eleven Has Never Defaulted on a Lease in the History of Tenant Operations, Occupy Established Locations for an Average of 43 Years
- Brand New High-Quality Construction (16 Fuel Pumps) on Oversized Parcel, Eligible for 100% Bonus Depreciation
- Serving Over 100,000 Residents in One of the Fastest-Growing Cities in the U.S.
- Surrounded by Several New Residential Developments Under Construction with 8,000+ Homes
- The Myrtle Beach Area Receives Over 18 Million Visitors Annually, Top Tourist Destination in the U.S.
- Average Household Income Exceeds $83,000 Within 3 and 5 Miles
Exclusively Listed By
Broker of Record
Auto Service - Gas-Conv
7-Eleven Gas & C-Store | Fastest Growing City in U.S. | 15-Year Absolute NNN
Listing Price: $9,094,000
Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
4,650
Lease Type
Absolute Net
Rent Per Square Feet
$102.68
Investment Highlights
- New 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Corporate Guaranty by 7-Eleven, Inc., Investment Grade Credit (Rated "A-" by S&P)
- 7-Eleven Has Never Defaulted on a Lease in the History of Tenant Operations, Occupy Established Locations for an Average of 43 Years
- Brand New High-Quality Construction (16 Fuel Pumps) on Oversized Parcel, Eligible for 100% Bonus Depreciation
- Serving Over 100,000 Residents in One of the Fastest-Growing Cities in the U.S.
- Surrounded by Several New Residential Developments Under Construction with 8,000+ Homes
- The Myrtle Beach Area Receives Over 18 Million Visitors Annually, Top Tourist Destination in the U.S.
- Average Household Income Exceeds $83,000 Within 3 and 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the 7-Eleven in Myrtle Beach, South Carolina.
Exclusively Listed By
Broker of Record
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
