1385 E Highway 501
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1385 E Highway 501
2,254 SF Retail Building Conway, SC 29526 $7,164,000 ($3,178/SF) 6.75% Cap Rate
Investment Highlights
- High-Growth Market
- New State-of-the-Art Construction
- Strong Traffic and Visibility
- Well Capitalized & Experienced Tenant
- Absolute NNN Lease
Executive Summary
The Net Lease Group is pleased to exclusively offer for sale the fee simple interest in a 4,829 SF, freestanding convenience store and fueling station (the “Property”) that is 100%, absolute triple net (NNN) leased to one of the fastest growing convenience store operators in the southeast, Refuel. The Property is located at 1385 US-501 in Conway, South Carolina, just a 30-minute drive from Myrtle Beach.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,254 SF
Building Class
C
Year Built
1978
Price
$7,164,000
Price Per SF
$3,178
Cap Rate
6.75%
NOI
$483,570
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Zoning
C - Commercial
Parking
27 Spaces (11.98 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 38204020003 | Improvements Assessment | $11,220 |
| Land Assessment | $20,278 | Total Assessment | $31,498 |
PROPERTY TAXES
Parcel Number
38204020003
Land Assessment
$20,278
Improvements Assessment
$11,220
Total Assessment
$31,498
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1385 E Highway 501
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