1890 Mr. Joe White Ave - Freestanding FOR SALE


Myrtle Beach, SC 29577
$4,052,000 USD
470-344-2586
1890 Mr. Joe White Ave, Myrtle Beach, SC for Sale
$4,052,000 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

1890 Mr. Joe White Ave
Myrtle Beach, SC 29577


HIGHLIGHTS

  • 7 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Residential Consumer Base |Demographics in 5-Mile Trade Area
  • Major Surrounding Shopping Centers | Strong Tenant Presence
  • Located Along Mr. Joe White Avenue | Centralized Location | Excellent Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Grifols Plasma investment property located in Myrtle Beach, SC. The tenant, Biomat USA, Inc. (dba Grifols Plasma) has over 7 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by Grifols Shared Services North America, Inc. and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,052,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grifols Plasma | NNN Lsed | 7+ yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

C3

APN/PARCEL ID

42511020008

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.