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Petco 2918 Church St 10,900 SF Retail Building Conway, SC 29526 $5,106,000 ($468.44/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 Build To Suit
- Absolute NNN Lease
- 25,000+ Vehicles Per Day Traffic Counts
- Corporate Guaranty
- 8.50% Increases Every 5-Years
- 85,000+ Population Within 10-Miles
EXECUTIVE SUMMARY
Embree Capital Markets Group is pleased to present a build-to-suit Petco located in Conway, SC. This is an opportunity for an investor to acquire a well-located Petco retail store with an attractive 15-year absolute NNN lease that features 8.5% rental increases every five years.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,900 SF
Building Class
C
Year Built
2024
Price
$5,106,000
Price Per SF
$468.44
Cap Rate
6%
NOI
$306,388
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.77 AC
Parking
15 Spaces (1.38 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 10,900 SF
- $28.11
- Triple Net
- Mar 2039
Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and their own Petco partners. Since their founding in 1965, they’ve been trailblazing new standards in pet care, delivering comprehensive wellness solutions through their products and services, and creating communities that deepen the pet-pet parent bond. Since its founding in 1999 as the Petco Foundation, Petco Love, an independent nonprofit organization, has empowered animal welfare organizations by investing in adoption and other lifesaving efforts.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 10,900 SF | $28.11 | Triple Net | Mar 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33703010010 | Improvements Assessment | $172,628 |
| Land Assessment | $83,505 | Total Assessment | $256,133 |
PROPERTY TAXES
Parcel Number
33703010010
Land Assessment
$83,505
Improvements Assessment
$172,628
Total Assessment
$256,133
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Petco | 2918 Church St
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