Marketing Description
Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a newly renovated Starbucks in Myrtle Beach, SC.
Investment Highlights
- Desirable Lease Terms: No termination option with 10% rent increases every 5 years
- Huge Growth Market: Myrtle Beach is the second-fastest-growing MSA in the US for the third year in a row
- Brand New 10 Year Lease: Rent commenced in August 2020
- High-Quality Construction: Complete renovation with high-end finishes, large covered patio, and excellent parking ratio
- Excellent Access & Visibility: Highway 17 accommodates over 39K VPD
- Corporate Lease: Over 31,000 locations in 78 countries with corporate revenues in excess of $26 billion
- Investment Grade Tenant: S&P Rating BBB+
- Access to Population Density: The estimated population of the Myrtle Beach MSA is 480,891
- Tourist Destination: Myrtle Beach receives an estimated 14 million visitors annually