Applebee's | 1647 Church St
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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
Land Acres
0.70 AC
Zoning
Commercial
Parking
80 Spaces (18.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 33810010014 | Improvements Assessment | $32,734 |
| Land Assessment | $8,791 | Total Assessment | $41,525 |
PROPERTY TAXES
Parcel Number
33810010014
Land Assessment
$8,791
Improvements Assessment
$32,734
Total Assessment
$41,525
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Dexter Rumsey -
NAI Charleston
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Applebee's | 1647 Church St
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