Franchise Motel Sold in North Myrtle Beach, SC

The 60-Unit, two-story Comfort Inn North Myrtle Beach is very well located within a short distance of major area attractions and had several re-branding opportunities. The motel sold for the $2,750,000 asking price. The new ownership group has plans to re-position the property to a Country Inn & Suites in the fall of this year.

Walmart Ground Lease Sold in Myrtle Beach, SC

 

Myrtle Beach, SC - The sale of a Walmart Neighborhood Market Ground Lease for $7.86MM. Located at 3650 Walton Heath Drive, the site had 20 years remaining on the lease at time of sale. The asking cap rate was 4.5%.