Murphy USA | 577 International Dr
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Murphy USA 577 International Dr
1,845 SF Retail Building Myrtle Beach, SC 29579 $2,000,000 ($1,084/SF) 5.42% Cap Rate
Investment Highlights
- Dense Retail Corridor | Major Retailers Include Lowe’s, McDonald’s, Bojangles, Circle K, Taco Bell, And More
- Strong Traffic Counts | Over 31,780 Vehicles Per Day Along Robert M. Grissom Pkwy
- Affluent Community | Average Household Income Of $82,000 Within A 3-Mile Radius Of The Subject Property
- Myrtle Beach, SC Is The #1 Fastest Growing City In America For The Third Year In A Row (U.S News & World Report)
- Compelling Demographics | 6.9% Population Growth From 2020-2024 Within A 5-Mile Radius Of The Subject Property
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Murphy
USA located at 577 International Dr, Myrtle Beach, SC 29579. The
site consists of roughly 2,500 rentable square feet of building
space on an estimated 1.25-acre parcel of land. This Murphy USA
is subject to a 20-year Ground lease, which commenced
11/29/2013. The current annual rent is $108,475 and has
scheduled increases of 8.00% every 5 years.
USA located at 577 International Dr, Myrtle Beach, SC 29579. The
site consists of roughly 2,500 rentable square feet of building
space on an estimated 1.25-acre parcel of land. This Murphy USA
is subject to a 20-year Ground lease, which commenced
11/29/2013. The current annual rent is $108,475 and has
scheduled increases of 8.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,845 SF
Building Class
B
Year Built
2013
Price
$2,000,000
Price Per SF
$1,084
Cap Rate
5.42%
NOI
$108,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.25 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39612040013 | Improvements Assessment | $45,130 |
| Land Assessment | $54,922 | Total Assessment | $100,052 |
PROPERTY TAXES
Parcel Number
39612040013
Land Assessment
$54,922
Improvements Assessment
$45,130
Total Assessment
$100,052
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Murphy USA | 577 International Dr
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