3505 Sc-544 Hwy | Conway, SC 29526
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3505 Sc-544 Hwy
Conway, SC 29526
The Union · Retail Property For Sale
Executive Summary
OFFERED FOR SALE: Is this NNN Single Tenant Property Free Standing Restaurant/Bar located at 3505 Highway 544, Conway, SC. The Property is strategically located within close proximity to Coastal Carolina University, and within walking distance to thousands of Student Residential Units.
The Property is under a True Triple Net (NNN) Lease Agreement, and operating a College Style Bar/Music Venue. The Tenant operates on a limited schedule opening Thursday through Saturday and Special Events. The Tenant caters to the student population aged 21 years and older.
Situated on a 0.57 Acre Tract with easy access from Highway 544.
145' of Frontage along Highway 544.
Large Fluorescent Road Sign, with Reader Board.
The Building measures approximately 4,960 SF, with additional square footage with an outdoor patio located in the rear of the Building.
Concrete Block with New Roof.
New HVAC Units, New Sprinkler System, New Electrical System.
Full Kitchen, including 3 Compartment Sink and Hood System.
5 Private VIP Sitting Areas surrounding the DJ Station.
Large Bar with Walk-In Beer Cooler.
The Restrooms are designed for heavy traffic with a total of 20 toilets/urinals and 12 Wash Basins.
10 Yr Primary, Ends 9/30/30
1 X 5 Yr Option
Base Rent: $72,000/Yr/NNN
Escalations: Two Percent (2%) Annually, Currently $74,908.80/Yr/NNN
The Property is under a True Triple Net (NNN) Lease Agreement, and operating a College Style Bar/Music Venue. The Tenant operates on a limited schedule opening Thursday through Saturday and Special Events. The Tenant caters to the student population aged 21 years and older.
Situated on a 0.57 Acre Tract with easy access from Highway 544.
145' of Frontage along Highway 544.
Large Fluorescent Road Sign, with Reader Board.
The Building measures approximately 4,960 SF, with additional square footage with an outdoor patio located in the rear of the Building.
Concrete Block with New Roof.
New HVAC Units, New Sprinkler System, New Electrical System.
Full Kitchen, including 3 Compartment Sink and Hood System.
5 Private VIP Sitting Areas surrounding the DJ Station.
Large Bar with Walk-In Beer Cooler.
The Restrooms are designed for heavy traffic with a total of 20 toilets/urinals and 12 Wash Basins.
10 Yr Primary, Ends 9/30/30
1 X 5 Yr Option
Base Rent: $72,000/Yr/NNN
Escalations: Two Percent (2%) Annually, Currently $74,908.80/Yr/NNN
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bar
Building Size
4,704 SF
Building Class
C
Year Built
1988
Price
$950,000
Price Per SF
$202
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.56 AC
Zoning
HC
Parking
25 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
187 FT on Sc-544 Opas
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 38204030120 | Improvements Assessment | $20,622 |
| Land Assessment | $6,646 | Total Assessment | $27,268 |
PROPERTY TAXES
Parcel Number
38204030120
Land Assessment
$6,646
Improvements Assessment
$20,622
Total Assessment
$27,268
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