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Black Rifle Coffee

$1,744,000

118 Loyola Drive, Myrtle Beach, SC 29588

Active
Last Updated: 04/29/2025

6.5

Cap Rate

113,385

NOI

Details:
Cap Rate:    6.5%
NOI:    $113,385
Building Size:    2,714 sqft
Lot Area:    1 acres
Year Built:    2016
Tenancy:    Single
Year Last Renovated:    2023
Highlights:
  • Black Rifle Coffee Company (NYSE: BRCC) featuring a drive-thru - $391.5 million in net revenue in 2024
  • 3% annual rent increases
  • New 10-year net lease with over 8 years remaining
  • Personal guaranty
  • Tenant responsible for CAM, taxes, insurance and HVAC
  • Located on U.S. Hwy 17 Bypass, a primary retail corridor (40,780 VPD)
  • Adjacent to Noodles & Company and Firestone Complete Auto Care, across from ALDI and surrounded by residential neighborhoods
  • Close to Lowe’s, Walmart Supercenter, Publix, Kohl’s, Ross, Dollar Tree, Goodwill, Office Depot, PetSmart, Discount Tire, Honda and Volkswagen Auto Dealerships
Description:

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.

Map:
Documents:
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