Chase Bank | Myrtle Beach, SC MSA
4.50% CAP | Long Term Ground Lease
Investment highlights
STRONG LEASE FUNDAMENTALS
• 15-year absolute NNN ground lease with zero landlord responsibilities
• Three (3) five-year renewal options
• 10% rent increases every five years
• Long-term passive income backed by an investment grade tenant
INVESTMENT GRADE TENANT
• JPMorgan Chase (NYSE: JPM) – market cap of $360B with 5,600+ locations nationwide
• S&P credit rating: A+
• Largest financial institution in the world
MYRTLE BEACH, SC MSA
• Located in one of the fastest growing coastal MSAs in the Southeast
• Benefits from strong population growth, tourism-driven economy, and ongoing residential development
• Horry County consistently ranks among South Carolina’s fastest growing counties, supporting sustained retail demand
PRIME CHURCH ST RETAIL CORRIDOR
• Located on Church Street (34K VPD), Conway’s main commercial artery
• High visibility with signalized access
• US-501 provides consistent commuter and tourist traffic
NEW CONSTRUCTION WITH NEW FORMAT
• Built-to-suit under JPMorgan Chase’s latest retail banking prototype
• Modern design with advanced ATMs and drive-thru lanes for convenience and efficiency
• Purpose-built layout reflects long-term commitment and supports evolving omnichannel strategy for sustained performance
RETAIL DENSE CORRIDOR
• Situated in Conway’s primary retail corridor, surrounded by national tenants including Walmart, Lowe’s, Starbucks, Chick-fil-A, and McDonald’s
• Over 1.2M SF of retail space within a 1-mile radius
• Conway serves as the county seat and commercial hub of Horry County
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