Former Sears (Coastal Grand Mall) - Myrtle Beach, SC
1200 Coastal Grand Circle, Myrtle Beach, SC, 29577, US
13,259 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in the single-tenant 7-Eleven located in Bishopville, South Carolina (“Property” or “Asset”). 7-Eleven is operating on an absolute NNN lease with ±17.6 years of primary lease term remaining, 10.0% rent escalations every 6 years in the primary term and 10.0% every 5 years in the options, and four, five-year renewal options with zero landlord responsibilities.
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Attributes
Asking price
¥1,184,989,000
Cap rate
5.25%
NOI
¥62,209,000
WAULT
17.6 years
Building area net
432 sm
Year built
2024
Land area gross
3.21 ha
Media
Investment highlights
- Absolute NNN lease with zero landlord responsibilities, ±17.6 years of primary lease term remaining and 10% rent escalations every 6-years
- Investment grade corporate lease with depreciation benefits secured by an ‘A’-rated tenant (S&P)
- Critical freight hub with over 700 large commercial trucks traveling through daily
- Bishopville benefits from an excellent transportation infrastructure with direct visibility to 32,800 VPD via Interstate 20
- 7-Eleven is the world’s largest convenience store chain with 85,000+ locations
Contact brokers
7-Eleven - Bishopville, SC (0 Properties)
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Last updated
Aug 13, 2025
