7 Brew | 115 Petigru Drive Dr
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7 Brew 115 Petigru Drive Dr
510 SF Retail Building Pawleys Island, SC 29585 $3,281,976 CAD ($6,435 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 15-year absolute NNN lease to rapidly growing coffee chain with double drivethru lanes
- No landlord management, making this an ideal opportunity for an out-of-area investor
- High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience
- Rare annual rental increases throughout the initial term and option periods
- High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience
Executive Summary
Positioned along U.S. Route 17, this 7 Brew Coffee benefits from its strategic location on a major coastal route that connects Pawleys Island to Myrtle Beach, just 23 miles to the north. This offers prime visibility to both local customers and tourists traveling between the two destinations. Situated only minutes from Pawleys Island’s popular beaches and residential neighborhoods, this location attracts a consistent stream of customers throughout the day, especially during peak tourist seasons. Within a 15-mile radius of the property lies Huntington Beach State Park, a popular destination for nature lovers and beachgoers. This proximity brings additional foot traffic, benefiting businesses like 7 Brew Coffee. Pawleys Island is a beloved vacation destination along South Carolina’s coast, with nearby golf courses and resorts drawing seasonal tourists year-round. This offers local businesses increased opportunities to capture customer traffic. The property is located near Waccamaw High School, which brings a steady flow of students, teachers, and parents to the area, further supporting the customer base for 7 Brew Coffee.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
510 SF
Building Class
B
Year Built
2023
Price
$3,281,976 CAD
Price Per SF
$6,435 CAD
Cap Rate
6.50%
NOI
$213,300 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.86 AC
Zoning
Commercial - Commercial
Parking
11 Spaces (21.57 Spaces per 1,000 SF Leased)
Frontage
114 ft on Ocean Highway
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $44,139 CAD | |
| Land Assessment | $195,411 CAD | Total Assessment | $239,550 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$195,411 CAD
Improvements Assessment
$44,139 CAD
Total Assessment
$239,550 CAD
Contacts
-
Scott Crowle -
Jack Hinson -
Michael Yuras -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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7 Brew | 115 Petigru Drive Dr
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