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 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
R 141,565,000
Cap rate
5.25%
NOI
R 7,432,000
WAULT
17.6 years
Building area net
432 m²
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
13 Aug 2025
