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Black Rifle Coffee 118 Loyola Dr 2,714 SF Retail Building Myrtle Beach, SC 29588 $1,797,000 ($662.12/SF) 6.50% Cap Rate
Investment Highlights
- Black Rifle Coffee Company (NYSE: BRCC) featuring a drive-thru - $391.5 million in net revenue in 2024
- New 10-year net lease with over 8 years remaining
- Tenant responsible for CAM, taxes, insurance and HVAC
- 3% annual rent increases
- Personal guaranty
- Located on U.S. Hwy 17 Bypass, a primary retail corridor (40,780 VPD)
Executive Summary
Black Rifle Coffee Company (NYSE: BRCC) is located on U.S. Hwy 17 Bypass, the main commercial thoroughfare in Myrtle Beach with ~40,780 VPD. The property benefits from excellent retail synergy, surrounded by major national retailers including Walmart Supercenter, Publix, and Lowe’s. Positioned in a densely populated area, there are 100,045 residents within a 5-mile radius. In 2024, the Myrtle Beach MSA ranked as the third fastest-growing metro area in the United States by percentage growth.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,714 SF
Building Class
B
Year Built
2016
Price
$1,797,000
Price Per SF
$662.12
Cap Rate
6.50%
NOI
$116,787
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 45804020009 | Improvements Assessment | $674,936 |
| Land Assessment | $1,175,000 | Total Assessment | $1,849,936 |
Property Taxes
Parcel Number
45804020009
Land Assessment
$1,175,000
Improvements Assessment
$674,936
Total Assessment
$1,849,936
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Black Rifle Coffee | 118 Loyola Dr
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