Walgreens

601 Highway 17 N - North Myrtle Beach South Carolina 29582

LTV (Loan to Value)	65.00%	Current NOI	$368,000.00
Interest Rate	4.250%	Capital Rate	5.250%
Fixed Term	10 Years	Land Area	1.94 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$4,556,500.00	Property Type	Retail
Payment	$24,684.30	Property Lease	Drug Store
Bulding Size	14,550 SF	Remaining Terms	+/- 18 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a corporate guaranteed Walgreens property located in North Myrtle Beach, South Carolina. This property sits directly on U.S. Highway 17, which is the prominent retail corridor for all resident and seasonal vacationers in Myrtle Beach. Walgreens sits directly across from Starbucks, Walmart, Home Depot and Lowe’s. This location boasts a drive-thru pharmacy with multiple points of ingress/egress.

Highlights

Credit Tenant - With a BBB credit rating from Standard & Poor's, Walgreens Company is one of the few investment…

Property Description

North Myrtle Beach is a coastal resort city in Horry County, South Carolina. It was created in 1968 from four existing municipalities north of Myrtle Beach, and serves as one of the primary tourist towns along the Grand Strand. As of the 2010 census, the population was 13,752, with the Myrtle Beach-North Myrtle Beach-Conway combined statistical area population of 329,449. Myrtle Beach is a coastal city on the east coast in Horry County, South Carolina. It is situated on the center of a large and continuous stretch of beach known as the Grand Strand in northeastern South Carolina.