Properties

Bridgestone, Myrtle Beach, SC

120 Loyola Drive
Myrtle Beach, SC 29588

PROPERTY SOLD

Property: Investment Sales

Square Footage: 8,142

Acreage: 1.01

Price: $2,237,000

Cap Rate: Call

Description:

• Located on a major 4 lane highway in south Myrtle Beach approx. 5 miles from the International Airport
• 8,142 square foot building developed on 1.01 acres that was completed in February of 2009
• Immediate proximity to Wal-Mart, Lowe’s, Kohl’s, Office Depot, banks, hotels, golf courses and beaches
• Bridgestone is on a 15 year corporate net lease with 10% rent bumps every 5 years and 4 options
• Bridgestone operates the largest number of company-owned auto care centers in the world (2,200+)
• This transaction closed escrow on December 16, 2009 for $2,237,000 (approx. 40 days in contract)
• Buyer was a private investment group out of SC and obtained a loan equal to approx. 80% of the price