Listing Details
Oswald Cooke & Associates is pleased to offer a net-leased Valvoline location to qualified investors. Located at the entrance to Marketplace at the Mill in Myrtle Beach, South Carolina, the Publix anchored center features fully leased shop space and a host of out-parcels users. The lease commenced in September of 2023 and features 10% escalations every 5th year during its 15-base term, and all options. The development is strategically located in on the edge of Carolina Forest, a 9,000-unit master planned community. The store is positioned between the two main thoroughfares running through the Carolina Forest development, now fastest growing submarket of Myrtle Beach MSA. Additionally, Myrtle Beach has been the fastest growing city in the country for the last three years. The projected number of households in a five-mile radius of the site is expected to be 30,000+ by 2028, an increase of over 50% since 2010. Other national retailers in the area include Publix, CVS, Bojangles, Lowes Foods, Firehouse Subs, Dunkin’ Donuts, Taco Bell, Valvoline, Noodles & Co, McDonalds and many others. The location is operated by QAS (Quality Automotive Services), the largest Valvoline franchisee in the country, with over 200 units and counting.
Property Photos
