Retail Business for Sale in Loris, SC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Loris, SC 29569

Description

Absolute Net Leased (NNN) CVS Located at the Heavily Trafficked Signalized Intersection of Broad Street and Holly Street with more than 11,000 Vehicles Passing Daily. CVS Recently Extended Their Lease for 15-Years w/ Replaceable Rent Adding Elevated Asset Security along with Its Highly Desirable Signalized Corner Position. Investment Highlights: • Absolute Net Leased (NNN) CVS Located at the Heavily Trafficked Signalized Intersection of Broad Street and Holly Street with more than 11,000 Vehicles Passing Daily • CVS Recently Extended Their Lease for 15-Years w/ Replaceable Rent Adding Elevated Asset Security along with Its Highly Desirable Signalized Corner Position • CVS has 12 Years Remaining on the Base Term of the Lease with Rent Increases in Each Option, as a Hedge Against Inflation Making This an Ideal Investment For Passive 1031 Exchange Buyers • Subject Property is Surrounded by Many of the Nation's Most Successful Retailers Including McDonald's, Wendy's, KFC, Bojangles, O'Reilly Auto Parts, and Advance Auto, Among Others • This Location Benefits from Being the Only Freestanding National Pharmacy Store within a 20-Mile Radius Providing Long Term Stability • Subject Property is Strategically Located within 30-Miles form Myrtle Beach a Popular Beach Destination with more than 17 Million Visitors Annually

Market Context

This retail in Loris, SC is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Loris, SC — <a href="/search/sale/retail/south-carolina/loris">view the full market</a>.

Contact

Explore this market

Similar Retail Business for Sale in Loris, SC