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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 began in 1965 as a mail-order veterinary supplies business and later became Petco in the late 1970s. The company now operates as a pet health and wellness business offering pet care products, grooming, positive dog training, veterinary services, vaccination clinics, and membership offerings through stores and digital channels. Petco's service mix extends beyond retail into broader wellness solutions, with products and services aimed at pets, pet parents, and routine care needs. Petco also founded Petco Love in 1999 to support animal welfare groups and adoption efforts.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,900 SF | $28.11 | Triple Net | Mar 2039 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33703010010 | Improvements Assessment | $2,877,130 |
| Land Assessment | $1,391,742 | Total Assessment | $4,268,872 |
Property Taxes
Parcel Number
33703010010
Land Assessment
$1,391,742
Improvements Assessment
$2,877,130
Total Assessment
$4,268,872
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Petco | 2918 Church St