115 Petigru Dr Pawleys Island, SC 29585-6463

This exceptional investment opportunity presents a 510 square foot, single-tenant, absolute NNN leased property located at 115 Petigru Dr, Pawleys Island, SC 29585. The property, built in 2023, features a dual-lane drive-thru and is leased to 7 Brew Coffee, a rapidly expanding coffee chain, under a 15-year lease commencing April 26, 2023, and expiring April 30, 2038. The lease includes annual rent increases, providing consistent income growth for the investor. The property boasts a 6.50% cap rate and a net operating income (NOI) of $150,000. Situated on a one-acre lot along US Highway 17, this location benefits from high visibility and convenient access for both local residents and tourists traveling between Pawleys Island and Myrtle Beach. The property's proximity to beaches, residential areas, Huntington Beach State Park, and Waccamaw High School ensures a strong and consistent customer base. The tenant, 7 Brew, is backed by 7Venture, Inc., an affiliate of K-MAC Enterprises, a significant QSR operator with plans for substantial future expansion. This property is an ideal investment for those seeking a low-management, high-return opportunity in a prime coastal South Carolina location. The asking price is $2,308,000 and is suitable for a 1031 exchange. Future development of an ALDI store directly behind the property further enhances its long-term value.