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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1385 Us-501 Conway, SC 29526

4,829 SF 3.31 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, state-of-the-art, 4,829-square-foot convenience store and gas station in Conway, South Carolina. Located at 1385 US-501, this property boasts a prime location, just a 30-minute drive from Myrtle Beach, ensuring high traffic and visibility. The property sits on a 3.31-acre lot and includes 33 parking spaces and 19 gas pumps. Currently 100% occupied under a 20-year absolute NNN lease with a strong, rapidly expanding tenant, this Class A retail property offers significant long-term value. The lease commenced July 1st, 2024, and includes annual rent bumps of 2.00%. The Net Operating Income (NOI) is $483,570. The asking price is $7,737,120. The lease structure provides significant investor protection with a 20-year initial term and five 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The building was constructed in 2024. This investment offers a compelling combination of strong tenant performance, a secure lease structure, and a desirable location in a high-growth area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 4,829 SF
Lot 3.31 ac (144,184 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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