Applebee's 1647 Church St

4,424 SF Retail Building Conway, SC 29526 $2,850,000 ($644/SF) 7.82% Cap Rate

Investment Highlights

  • Many planned and in-progress development projects happening close to the site
  • Church Street is an Applebee’s state leader, ranked #5 out of 27 locations in S.C.
  • Heavy traffic volume

Executive Summary

1674 Church Street is a ±4,424 SF Applebee's Restaurant that sits on a ±1.08 AC corner lot. The property is surrounded by national retailers and is close to Coastal Center Shopping Plaza. Church Street is an Applebee's state leader, ranked #5 out of 27 locations in S.C., putting it in the 85th percentile. Located in direct proximity to a medium-heavy vehicle traffic area, the location had ±13,300 cars drive on Church Street and ±3,300 on Mill Pond Road in 2023.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,424 SF
Building Class
B
Year Built
1997
Price
$2,850,000
Price Per SF
$644
Cap Rate
7.82%
NOI
$222,948
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.70 AC
Zoning
Commercial
Parking
80 Spaces (18.08 Spaces per 1,000 SF Leased)
Frontage
76 FT on Church St

Amenities

  • Pylon Sign
  • Signage

Nearby Major Retailers

Applebee's
Shoney’s
Mcalister's Deli
United Community Bank
Starbucks
Planet Fitness
Southstate Bank
IGA
Margarita's Mexican Restaurant
Harveys Supermarket

PROPERTY TAXES

  • Listing ID: 31352394

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 1647 Church St, Conway, SC 29526