Properties

Starbucks & Verizon Strip Center, Myrtle Beach, SC

102 Loyola Drive, Suites A-C
Myrtle Beach, SC 29588

PROPERTY SOLD

Property: Investment Sales

Square Footage: 6,770

Acreage: 1.14

Price: $2,240,000

Cap Rate: Call

Description:

• Located on US Hwy 17 about 5 miles from the international airport and 4 miles from the Atlantic coast
• 6,770 square foot multi tenant retail building with a drive thru on about 1.14 acres developed in 2012
• Tenants included Starbucks, Verizon Wireless and Jersey Mike’s Subs on 5-10 year net leases
• The leveraged transaction closed escrow in June 2013 for approximately $2.24 million
• The buyer was a private investment group out of South Carolina