Property Highlights
Atlantic Capital Partners has been engaged to offer an absolute NNN ground lease to Chick-fil-A in Myrtle Beach, SC. The Myrtle Beach area, also known as The Grand Strand, is one of the most popular tourist destinations in the country with over 19M annual visitors. This Chick-fil-A is also ideally located with no other Chick-fil-A location within a 10-mile drive and as an outparcel to Myrtle Beach Mall, a 575,000 SF mall featuring a top Bass Pro Shop store.
- Outparcel to Myrtle Beach Mall & Across the Street from the Tanger Outlets – Regional destination retail developments featuring over 979,000 SF of retail, helping drive significant patron volume to the property
- Brand New Construction – This Chick-Fil-A is currently under construction and set to be completed in December 2021
- Passive Income- 15 year Absolute NNN lease providing truly passive income
- Significant Base Rent Increases – 10% rent increases every 5 years during the initial term and at each renewal option providing a hedge against inflation
- Fills a Gap in the Market- No other Chick-Fil-A lies within a 10 mile drive from the subject property | Over 4,000 hotel rooms lie within a 3-mile radius of the property
- Corporate Guaranty from Premier Brand- Leading chicken QSR with over $11B of annual sales and 52 years of positive growth | Chick-Fil-A has the second highest average sales per store with over $5M/store
- Top Tourist Destination in the Country- The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually | Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- High Ranking Area- Myrtle Beach consistently ranks as one of the top Beach Towns to live in | Ranked as the #9 best small city in America
- Growing Area- Myrtle Beach is one of the fastest-growing small cities in the country; already home to 25 international companies, it’s in the top 10 for foreign direct investment
- High Income Trade Area- Average household income of over $91,000 within a 1,3,and 5-mile radius of the property
- Excellent Exposure on Heavily Trafficked Road- N Kings Hwy (51,700 VPD) | US-501 (23,000 VPD)
- Less than 2 miles from Barefoot Landing- 64 acres, 250,000+ SF mixed use development that welcomes over 6 million visitors annually