1301 Kings HwyMyrtle Beach, SC 29577

This exceptional investment opportunity presents a 1,136 square foot, single-tenant net-leased (NNN) property occupied by Starbucks in Myrtle Beach, South Carolina. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $166,662. The lease, with a corporate guarantee, features a remaining term of 10 years, extending to November 26, 2034, with four, five-year renewal options. Rent increases of 10% are built into the lease every five years, ensuring consistent income growth. The property is strategically located on N Kings Highway, a major thoroughfare in Myrtle Beach, with over 28,800 vehicles per day, and just three miles from US-17, which sees over 30,000 vehicles daily. This high-traffic location benefits from its proximity to the Myrtle Beach Sky Wheel, a top tourist attraction on the Myrtle Beach Pier and Boardwalk. The affluent Myrtle Beach MSA boasts an average household income of $94,106 within one mile of the property, and the area attracts nearly 17 million visitors annually. The 0.6-acre lot provides ample space, and the tenant is responsible for all taxes, common area maintenance (CAM), and insurance, minimizing landlord responsibilities. This passive ownership opportunity offers significant long-term value and strong cash flow potential. The property is 100% occupied.