JRW Realty Closes Transaction on $32.9M Pepsi Distribution Center in South Carolina

PASADENA, Calif. — JRW Realty, a commercial real estate brokerage that sources net-leased properties on behalf of institutional clients, is pleased to announce that the company helped one of its institutional buyers acquire a 164,845-square-foot, 2024-build Class A distribution center in Longs, South Carolina (Myrtle Beach MSA), for $32.9 million. The single-tenant net-leased property is occupied by Pepsi Bottling Ventures, LLC, the largest independent Pepsi-Cola bottler in the United States.

The mission-critical facility meets the rigorous acquisition criteria of JRW Realty’s institutional clients, who remain actively engaged in purchasing properties tenanted by companies operating in necessity-based sectors including grocery, healthcare, and industrial.

Chris Thompson, Vice President at JRW Realty, guided and successfully closed the transaction on behalf of the firm’s buyer. KBC Advisors represented the seller in the transaction.

The 2024-build, Class A property is strategically located within the Palmetto Coast Industrial Park, providing regional connectivity across the Myrtle Beach MSA. The property was developed by Edgewater Ventures and its ownership was a joint venture between Edgewater and Singerman Real Estate. Its long-term net lease, backed by a creditworthy tenant and supported by strong demographic tailwinds, makes it an ideal fit for the buyer’s investment strategy.

“With a strong balance sheet enabling all-cash transactions, our buyer continues to actively pursue high-quality necessity-based industrial assets that meet their clear criteria,” Thompson said. “The investment-grade tenancy, combined with the over 13 years of primary lease term and the tenant's substantial capital commitment to the site, makes this a premier acquisition for their portfolio.”

About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over $7.0 billion in transactions across over 1,400 properties on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 1-2% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.

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