For Sale
$7,737,120

1385 Us-501Conway, SC 29526

High-growth market, absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, state-of-the-art, 4,829-square-foot convenience store and gas station in Conway, South Carolina. Located at 1385 US-501, this property boasts a prime location, just a 30-minute drive from Myrtle Beach, ensuring high traffic and visibility. The property sits on a 3.31-acre lot and includes 33 parking spaces and 19 gas pumps. Currently 100% occupied under a 20-year absolute NNN lease with a strong, rapidly expanding tenant, this Class A retail property offers significant long-term value. The lease commenced July 1st, 2024, and includes annual rent bumps of 2.00%. The Net Operating Income (NOI) is $483,570. The asking price is $7,737,120. The lease structure provides significant investor protection with a 20-year initial term and five 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a thriving market. The building was constructed in 2024. This investment offers a compelling combination of strong tenant performance, a secure lease structure, and a desirable location in a high-growth area.

Highlights

  • High-growth market in Conway, SC, near Myrtle Beach.
  • Well-capitalized, rapidly expanding tenant under a 20-year lease.
  • Brand-new, 4,829 SF convenience store and gas station with 19 pumps.
  • Absolute NNN lease with 2% annual rent increases; $483,570 NOI.
  • Prime location on a 3.31-acre lot with 33 parking spaces and excellent visibility.

Property Details for 1385 Us-501

Property type
Retail properties, Grocery and convenience stores
Square Feet
4,829 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
144,184 SF

Location Insight

City
Conway
County
Horry
State
South Carolina
Latitude
33.8080795
Longitude
-79.0181619
1385 Us-501, Conway, South Carolina

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1385 Us-501
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