1385 E Highway 501 2,254 SF Retail Building Conway, SC 29526 $7,308,000 ($3,242.24/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • High-Growth Market
  • New State-of-the-Art Construction
  • Strong Traffic and Visibility
  • Well Capitalized & Experienced Tenant
  • Absolute NNN Lease

EXECUTIVE SUMMARY

The Net Lease Group is pleased to exclusively offer for sale the fee simple interest in a 4,829 SF, freestanding convenience store and fueling station (the “Property”) that is 100%, absolute triple net (NNN) leased to one of the fastest growing convenience store operators in the southeast, Refuel. The Property is located at 1385 US-501 in Conway, South Carolina, just a 30-minute drive from Myrtle Beach.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,254 SF
Building Class
C
Year Built
1978
Price
$7,308,000
Price Per SF
$3,242.24
Cap Rate
6.75%
NOI
$493,241
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Zoning
C - Commercial
Parking
27 Spaces (11.98 Spaces per 1,000 SF Leased)

NEARBY MAJOR RETAILERS

Waffle House
Park National Bank
United Bank

PROPERTY TAXES

  • Listing ID: 33826564

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 1385 E Highway 501, Conway, SC 29526