Property Highlights
Atlantic Capital Partners has been engaged to offer for sale a free-standing, 7-Eleven featuring a Raise the Roost in Conway, SC, just 16 minutes from Myrtle Beach, SC. This 7-Eleven features a long-term 15-year lease on brand new 2022 construction (scheduled to be completed in Mar-22). The property see’s significant rent increases of 7.50% every 5 years, providing a great hedge against inflation.
- Strong Corporate Guaranty – 7-Eleven is among the world’s largest and most widely recognized and iconic retailers, both inside and outside the c-store channel | 7-Eleven acquired Speedway (3,600 locations) in May 2021, a $21B deal | 7-Eleven has set a goal to grow to 20,000 corporate stores by 2027
- Raise the Roost Concept – This 7-Eleven features 7-Eleven’s new restaurant concept, Raise the Roost | Currently there are 25 Raise the Roost locations and 12 in South Carolina
- Proximity to Coastal Carolina University – Less than 1-mile from Coastal Carolina, which has a student population of over 10,400 students | CCU saw significant growth over 2007-2015, growing from 7,872 students to the 10,400 it is now
- Proximity to Horry Georgetown Technical College – Less than 1-mile from Horry Georgetown Tech, which has a student population of 6,788 students
- Located at Heavily Trafficked Intersection – The property lies on the corner of Cox Ferry Road (3,600 VPD) and Hwy 501 (48,100 VPD) a main thoroughfare to Myrtle Beach, SC, a top tourist destination in the country
- Long-Term Lease with Favorable Rent Increases – 15 year initial term with 4, 5-year options | 7.50% increases every 5 years
- Large Fueling Station – 8 MPD’s with 16 fueling slots
- Potential Tax Advantage – Allows for Accelerated Depreciation or Bonus Depreciation – Please certify with your CPA
- Significant Population Growth – From 2010-2021, the population within a 3 and 5-mile radius grew by over 2.20% annually | Projected annual population growth within a 1, 3, and 5-mile radius over 2.28% respectively
- Myrtle Beach – Over 19 million visitors annually