4806 Hwy 17 SNorth Myrtle Beach, SC 29582
Take 5 | Myrtle Beach, SC | 6.40% Cap
Take 5 | Myrtle Beach, SC | 6.40% Cap
Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Take 5 Oil Change in Myrtle Beach, SC. The Premises is leased to Claycon Oil (Franchisee), and has signed a 15 year initial term, with three (3) - five (5) year options. The Asset is well positioned directly off of Hwy 17 and is located in one of the fastest growing cities in the country.
Investment Highlights
Experienced Operator
- Franchisee currently operates 12 locations
- 6 more under development by 2024
Well Known Brand
- Take 5 has over 1,000 locations, with plan to expand to 1,600 by the end of 2026
- Approximately 60 franchisee are developing through the Country + Canada
Attractive Lease Fundamentals
- 15 Year Ground Lease
- 10% rental increases every 5 years including options
- Three (3) - five (5) year options
- Zero LL responsibilities
Good Visibility on Signalized Intersection
- Located on the Hard Corner of Hwy 17 & Palmetto Pointe Blvd (~84K VPD)
- Over 639K SF of retail space located in a 1-mile radius boasting a 1.4% vacancy rate
- Hwy 17 has over 75K VPD, allowing for easy access for users
New Construction
- Brand new building being built by the tenant to specifically suit the Tenant’s operations
- State of the art oil-change features
Ultra High Growth Myrtle Beach
- Over 9,500 people live in a 1-mile radius, which forecasts an annual 4.4% growth over the next 5 years
- Myrtle Beach has been named fastest growing City in the US for 3rd straight year (U.S. News & World Report 2023)
- 42% increase from 2010
Photo Gallery
4806 Hwy 17 SNorth Myrtle Beach, SC 29582
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE