CVS – 1370 Highway 17

• Long-Term Commitment: CVS executed a 15-year lease extension, showing strong commitment to the site.
• Corporate Guarantee: Fully guaranteed by CVS Health Corporation (S&P: BBB / Investment Grade).
• Drive-Thru Location: Equipped with a dedicated drive-thru lane, driving higher store sales and customer convenience.
• No Rent Holiday: Features continuous, uninterrupted rental payments with zero rent holiday periods throughout the lease term and renewal options.
• Capital Improvements: Roof fully replaced in 2017, minimizing near-term landlord CapEx obligations.
• Low Rent Baseline: Paying a conservative, below-market rent of just $22/SF.
• Rental Increases: Features rental increases built into option periods to protect investor yields against inflation.
• Signalized Hard Corner: Prime position on a signalized hard corner within a dense, high-traffic commercial corridor.
• High Traffic Volume: Fronts Hwy 17, exposing the site to over 39,000 vehicles per day (VPD).
• #1 Fastest-Growing Metro: Ranked by U.S. News & World Report as the #1 Fastest-Growing Place in the U.S. for three consecutive years (2021–2024), highlighting unprecedented regional population growth.
• Rapid Population Growth: The 5-mile trade area population is projected to expand by 18.5% over the next 5 years, vastly outpacing national growth averages.
• Coastal Proximity: Situated just 2.5 miles from the North Myrtle Beach shoreline, benefiting from both strong permanent demographics and high seasonal tourist traffic.