Dual Restaurant Retail
1650 Church St. Unit 1652 Church St. Conway, SC 29526
For Sale
$5,300,000
A custom 2021 duplex with two drive-thru restaurant units at a signalized corner intersection.
Property Size12,135 SF
Price / SF$436.75
Days on Market49
Property Features for 1650 Church St. Unit 1652 Church St.
General Information
Standard status
Active
Size
12,135 SF
Property subtype
Commercial
Listing Agency:
Tradd Commercial
(888) 874-2121
Listed By:
Adam Cates ()
Source:
C21theharrelsongroup
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 29 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tradd Commercial
Investment Insights
Based on property information with market context.
Celebration Square is a custom-built 2021 retail-restaurant duplex totaling 12,135 square feet. The property is divided into two restaurant units: McAlister’s Deli and a 350-seat former steakhouse. Both units are equipped with their own drive-thru, supporting concept flexibility for future operators. McAlister’s Deli occupied the property in 2021 and signed a 15-year lease. FF&E may be acquired separately.
The duplex is located at a signalized corner at Church Street/Highway 501 and Mill Pond Road in Conway. Access is designed for efficient vehicle movement, with triple-lane ingress/egress from Church Street/501 and double-lane ingress/egress on Mill Pond Road. The property sits on Church Street/501, identified as one of the Grand Strand’s major traffic arteries, with Mill Pond Road described as an interior beltway route serving Conway’s Central Business District.
For tenants and buyers, this configuration supports either an operator taking over one unit with drive-thru capability or an investor seeking a two-tenant retail-restaurant setup. The existing lease at McAlister’s Deli and the separately available FF&E provide a workable path for an owner planning for stabilized or flexible restaurant usage across both spaces.
The duplex is located at a signalized corner at Church Street/Highway 501 and Mill Pond Road in Conway. Access is designed for efficient vehicle movement, with triple-lane ingress/egress from Church Street/501 and double-lane ingress/egress on Mill Pond Road. The property sits on Church Street/501, identified as one of the Grand Strand’s major traffic arteries, with Mill Pond Road described as an interior beltway route serving Conway’s Central Business District.
For tenants and buyers, this configuration supports either an operator taking over one unit with drive-thru capability or an investor seeking a two-tenant retail-restaurant setup. The existing lease at McAlister’s Deli and the separately available FF&E provide a workable path for an owner planning for stabilized or flexible restaurant usage across both spaces.
Key Highlights
- 12,135 SF custom‑built 2021 retail‑restaurant duplex at the signalized corner of Church St/US‑501 and Mill Pond Rd in Conway
- Two restaurant units: McAlister’s Deli and a 350‑seat former steakhouse, offering multiple operating concepts
- Each unit includes a drive‑thru for concept flexibility
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.8k | $22.56 |
| − Vacancy | −$6.8k | −$0.56 |
| EGI | $266.9k | $22.00 |
| − OpEx | −$66.7k | −$5.50 |
| NOI | $200.2k | $16.50 |
12,135 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.86M
$2.50M – $3.34M
NOI $200,191 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,285 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lin’s Garden — 1105 Church St, Conway, SC 29526
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A custom 2021 duplex with two drive-thru restaurant units at a signalized corner intersection.
Where is this conventional restaurant located?
The property is located at 1650 Church St. Unit 1652 Church St. Conway, SC.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 12,135 SF custom‑built 2021 retail‑restaurant duplex at the signalized corner of Church St/US‑501 and Mill Pond Rd in Conway; Two restaurant units: McAlister’s Deli and a 350‑seat former steakhouse, offering multiple operating concepts; Each unit includes a drive‑thru for concept flexibility
