Drive-Through Restaurant
1650 Church Street Conway, SC 29526
For Sale
Contact for pricing
Custom-built 2021 duplex with two restaurant units, each featuring a drive-thru at a signalized corner intersection.
Property Size12,000 SF
Price / SF$441.67
Days on Market197
Property Features for 1650 Church Street
General Information
Standard status
Active
Size
12,000 SF
Property subtype
RETAIL
Listing Agency:
Tradd Commercial | Myrtle Beach
(843) 839-9777
Listed By:
Adam Cates, CCIM, SIOR · License #60056
(843) 839-9777
Source:
Moodyscre
Added: Jan 14
Changed: Jul 28
Last Checked: Jul 29 at 4:03PM
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 | Myrtle Beach
Investment Insights
Based on property information with market context.
Celebration Square is a custom-built 2021 retail-restaurant duplex totaling 12,135 square feet, divided into two restaurant units. The property includes McAlister’s Deli and a 350-seat former steakhouse, with each unit equipped with drive-thru service to support concept flexibility. FF&E may be acquired separately.
The duplex is located at a signalized corner of Church Street/Highway 501 and Mill Pond Road in Conway. The site offers triple-lane ingress/egress from Church Street/501 and double-lane ingress/egress on Mill Pond Road, supporting access at a high-traffic intersection.
The property is offered as a multi-tenant retail investment asset with a retail and medical tenant mix, positioned near Conway’s central business area and supported by stability tied to local county government, industry, and higher education.
The duplex is located at a signalized corner of Church Street/Highway 501 and Mill Pond Road in Conway. The site offers triple-lane ingress/egress from Church Street/501 and double-lane ingress/egress on Mill Pond Road, supporting access at a high-traffic intersection.
The property is offered as a multi-tenant retail investment asset with a retail and medical tenant mix, positioned near Conway’s central business area and supported by stability tied to local county government, industry, and higher education.
Key Highlights
- 12,135 SF custom‑built 2021 retail‑restaurant duplex at the signalized corner of Church St/Hwy 501 and Mill Pond Rd in Conway
- Two restaurant units: McAlister’s Deli and a 350‑seat former steakhouse
- Each unit has its own drive‑thru, offering 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 | $270.7k | $22.56 |
| − Vacancy | −$6.8k | −$0.56 |
| EGI | $264.0k | $22.00 |
| − OpEx | −$66.0k | −$5.50 |
| NOI | $198.0k | $16.50 |
12,000 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,964 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,890 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Custom-built 2021 duplex with two restaurant units, each featuring a drive-thru at a signalized corner intersection.
Where is this drive through restaurant located?
The property is located at 1650 Church Street 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/Hwy 501 and Mill Pond Rd in Conway; Two restaurant units: McAlister’s Deli and a 350‑seat former steakhouse; Each unit has its own drive‑thru, offering concept flexibility
