Technical
Financial
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Property profile

1624 Church St Conway, SC 29526

OFF-MARKET
Retail properties & Spaces
3,270 SF 1.16 ac lot Built 2017
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 3,270 square foot KFC restaurant located at 1624 Church St, Conway, SC 29526. The property sits on a 1.156-acre lot in a high-traffic retail corridor with excellent visibility on E Hwy 501, boasting daily traffic counts of 26,106 vehicles. The building, constructed in 2017, is a single-story structure with a permitted C zoning classification. This is an absolute NNN net lease with the tenant, FQSR, LLC (the largest KFC franchisee in the U.S.), holding a 20-year lease expiring July 31, 2044, including two 5-year renewal options. Rent increases by 7% every 5 years. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $176,000, resulting in a compelling 6.15% cap rate. The location benefits from a strong demographic profile, including a high average household income within a one-mile radius of $80,299. Nearby amenities include major retailers such as Walmart, Lowe's, and Belk, as well as educational institutions like Coastal Carolina University and Horry Georgetown Technical College, and Conway Medical Center. The property's proximity to Tanger Outlets Myrtle Beach further enhances its appeal and potential for continued strong performance. This is a rare opportunity to acquire a well-established, high-performing KFC location with a long-term lease and significant upside potential.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2017
Total area 3,270 SF
Lot 1.16 ac (50,355 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1624 Church St Conway, SC 29526
Conway metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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