Former Sears (Coastal Grand Mall) - Myrtle Beach, SC
1200 Coastal Grand Circle, Myrtle Beach, SC, 29577, US
13,259 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 6602 Calhoun Memorial Highway in Easley, South Carolina (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.1 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
This unique opportunity allows investors the ability to acquire long-term passive income from an investment grade bank tenant with a significant deposit base from its local community.
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Attributes
Asking price
A$8,152,000
Cap rate
6%
NOI
A$490,000
WAULT
12 years
Building area net
1,017 m²
Media
Investment Highlights
- Operating on an absolute NNN lease with ±12.1 years of lease term remaining and 1.9% annual rent escalations
- Pinnacle Financial Partners is the 2nd largest bank holding company in TN with an investment grade rating (Moody's: Baa2)
- Exclusive market position as the only Pinnacle Bank location in Salem, holding a solid deposit base of $63M
- Prime retail location adjacent to Centerpoint Shopping Center (1.6M annual visits) and near the #1 most visited neighborhood center within a 15-mile radius
- Situated in a thriving submarket with 29% population growth, affluent $91K average household incomes, and excellent visibility to 36,400 VPD
Contact brokers
Pinnacle Bank – Easley, SC (0 Properties)
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Last updated
6 Oct 2025
