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Chase Bank | Myrtle Beach, SC MSA 1606 Church st 4,303 SF Retail Building Conway, SC 29526 $3,222,000 ($748.78/SF) 4.50% Cap Rate
Investment Highlights
- PRIME CHURCH ST RETAIL CORRIDOR
- INVESTMENT GRADE TENANT
- NEW CONSTRUCTION WITH NEW FORMAT
Executive Summary
STRONG LEASE FUNDAMENTALS
• 15-year absolute NNN ground lease with zero landlord responsibilities
• Three (3) five-year renewal options
• 10% rent increases every five years
• Long-term passive income backed by an investment grade tenant
INVESTMENT GRADE TENANT
• JPMorgan Chase (NYSE: JPM) – market cap of $360B with 5,600+ locations nationwide
• S&P credit rating: A+
• Largest financial institution in the world
MYRTLE BEACH, SC MSA
• Located in one of the fastest growing coastal MSAs in the Southeast
• Benefits from strong population growth, tourism-driven economy, and ongoing residential development
• Horry County consistently ranks among South Carolina’s fastest growing counties, supporting sustained retail demand
PRIME CHURCH ST RETAIL CORRIDOR
• Located on Church Street (34K VPD), Conway’s main commercial artery
• High visibility with signalized access
• US-501 provides consistent commuter and tourist traffic
NEW CONSTRUCTION WITH NEW FORMAT
• Built-to-suit under JPMorgan Chase’s latest retail banking prototype
• Modern design with advanced ATMs and drive-thru lanes for convenience and efficiency
• Purpose-built layout reflects long-term commitment and supports evolving omnichannel strategy for sustained performance
RETAIL DENSE CORRIDOR
• Situated in Conway’s primary retail corridor, surrounded by national tenants including Walmart, Lowe’s, Starbucks, Chick-fil-A, and McDonald’s
• Over 1.2M SF of retail space within a 1-mile radius
• Conway serves as the county seat and commercial hub of Horry County
• 15-year absolute NNN ground lease with zero landlord responsibilities
• Three (3) five-year renewal options
• 10% rent increases every five years
• Long-term passive income backed by an investment grade tenant
INVESTMENT GRADE TENANT
• JPMorgan Chase (NYSE: JPM) – market cap of $360B with 5,600+ locations nationwide
• S&P credit rating: A+
• Largest financial institution in the world
MYRTLE BEACH, SC MSA
• Located in one of the fastest growing coastal MSAs in the Southeast
• Benefits from strong population growth, tourism-driven economy, and ongoing residential development
• Horry County consistently ranks among South Carolina’s fastest growing counties, supporting sustained retail demand
PRIME CHURCH ST RETAIL CORRIDOR
• Located on Church Street (34K VPD), Conway’s main commercial artery
• High visibility with signalized access
• US-501 provides consistent commuter and tourist traffic
NEW CONSTRUCTION WITH NEW FORMAT
• Built-to-suit under JPMorgan Chase’s latest retail banking prototype
• Modern design with advanced ATMs and drive-thru lanes for convenience and efficiency
• Purpose-built layout reflects long-term commitment and supports evolving omnichannel strategy for sustained performance
RETAIL DENSE CORRIDOR
• Situated in Conway’s primary retail corridor, surrounded by national tenants including Walmart, Lowe’s, Starbucks, Chick-fil-A, and McDonald’s
• Over 1.2M SF of retail space within a 1-mile radius
• Conway serves as the county seat and commercial hub of Horry County
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,303 SF
Year Built
2026
Price
$3,222,000
Price Per SF
$748.78
Cap Rate
4.50%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.03 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chase Bank
- Retailer
- 4,303 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chase Bank | Retailer | 4,303 SF | - | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33810020015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,817,200 |
Property Taxes
Parcel Number
33810020015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,817,200
Contacts
-
David Hoppe -
Mike Lucier -
Eric Suffoletto -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Chase Bank | Myrtle Beach, SC MSA | 1606 Church st
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