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Auto Parts

Advance Auto Parts

5309 Broad St, Loris, SC 29569

Listing Price: $1,458,000

Cap Rate
6.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$208.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.50

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located along Broad St in Loris, South Carolina. The offering includes a favorable corporate guaranteed NNN lease through December of 2026. The site has successfully served customers at this location for 17+ years and is currently operating within their first lease extension – a 7-year term, executed in November of 2019. Located just 24 miles north of Myrtle Beach, the property benefits from great visibility and frontage along Broad St (US-701 Hwy), which experiences over 11,000 cars daily.

Investment Highlights

  • Corporate Guaranteed, NNN Lease Extended Through December 31, 2026
  • Passive NNN Lease Structure - Landlord Only Responsible for Structure/Slab/Foundation
  • 7 Year Lease Extension Commenced in 2019 - Tenant Occupied Site for 17+ Years

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Auto Parts

Advance Auto Parts

Listing Price: $1,458,000

Cap Rate
6.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$208.29
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.50

Investment Highlights

  • Corporate Guaranteed, NNN Lease Extended Through December 31, 2026
  • Passive NNN Lease Structure - Landlord Only Responsible for Structure/Slab/Foundation
  • 7 Year Lease Extension Commenced in 2019 - Tenant Occupied Site for 17+ Years

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located along Broad St in Loris, South Carolina. The offering includes a favorable corporate guaranteed NNN lease through December of 2026. The site has successfully served customers at this location for 17+ years and is currently operating within their first lease extension – a 7-year term, executed in November of 2019. Located just 24 miles north of Myrtle Beach, the property benefits from great visibility and frontage along Broad St (US-701 Hwy), which experiences over 11,000 cars daily.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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