2918 Church St Conway, SC 29526-4409

Property Details for 2918 Church St

Year built

2004

Construction

CONCRETE

Lot size

0.93 lot acres

Property size

2,170 SF

Zone code

HC

Property type

Commercial real estate

APN

337-03-01-0011

APU

33703010011

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,900 square foot Petco store in Conway, South Carolina. Built in 2024, this property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, providing significant security and stability. The lease commenced March 20, 2024, and includes five, 5-year renewal options, ensuring long-term income generation. Rent increases of 8.5% every five years provide built-in protection against inflation. The property sits on a 1.77-acre lot and offers a compelling 6.00% cap rate with a Net Operating Income (NOI) of $306,388. The asking price is $5,106,000, translating to a price per square foot of $468.44. Located at 2918 Church St, Conway, SC 29526, this strategically positioned retail space benefits from high traffic counts (25,000+ vehicles per day) and a strong demographic profile, with over 85,000 people and $66,000+ average household income within a 10-mile radius. The property's proximity to Myrtle Beach (approximately 30 miles) further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a secure, long-term lease.

Location Insight

City

Conway

County

Horry

State

South Carolina

Longitude

-79.0936

Latitude

33.8633

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments