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Take 5 4806 Highway 17 Byp S
1,438 SF Retail Building Myrtle Beach, SC 29588 $1,899,000 ($1,321/SF) 6.40% Cap Rate
Investment Highlights
- Experienced Operator - 12 units with 6 more under development
- Located on Signalized Intersection
- High Growth Myrtle Beach, SC - 4.4% annual growth rate over next 5 years
Executive Summary
- 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
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Services
- -
- $84.50
- Triple Net
- Dec 2038
Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Services | - | $84.50 | Triple Net | Dec 2038 |
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Atlantic Capital Partners
Presented by
Take 5 | 4806 Highway 17 Byp S
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