1647 Church St Conway, SC 29526-2959

Exceptional investment opportunity featuring a thriving Applebee's restaurant located at 1647 Church Street, Conway, South Carolina. This ±4,424 square foot establishment sits on a ±1.08-acre corner lot, boasting a prime location near Coastal Center Shopping Plaza and surrounded by other national retailers. The property offers a strong net operating income (NOI) of $222,947.76, resulting in an attractive 7.80% capitalization rate. Currently operating under a triple-net (NNN) lease with Applebee's, the lease has a remaining term of approximately 2.8 years, extending to November 30, 2027. The current lease is in year 4 of a 7-year first option period. The asking price for this exceptional investment is $2,850,000. Built in 1997, this property presents a stable and lucrative investment opportunity with significant upside potential. The property's tax map number is 33810010014. This is a rare chance to acquire a well-established, high-performing restaurant in a desirable location. Don't miss this opportunity to add a strong, cash-flowing asset to your portfolio.