1605 Church st - Fast Food FOR SALE


Conway, SC 29526
$2,956,000 USD
980-498-3293
1605 Church st, Conway, SC for Sale
$2,956,000 USD
Fast Food - FOR SALE
1/4

1605 Church st
Conway, SC 29526


HIGHLIGHTS

  • NEW CONSTRUCTION WITH “CHIPOTLANE”
  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • EXTREMELY RARE LEASE STRUCTURE

OVERVIEW

EXTREMELY RARE LEASE STRUCTURE • 15-year absolute NNN ground lease with zero landlord responsibilities • Four (4) five-year renewal options • 10% rent increases every five years • Long-term passive income backed by an investment grade tenant CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT • Chipotle Mexican Grill (NYSE: CMG) – market cap over $80B • 3,700+ locations nationwide • Aggressively expanding with 300+ new restaurants annually • Strong brand recognition and consistent same-store sales growth MYRTLE BEACH, SC MSA • Located in one of the fastest growing coastal MSAs in the Southeast • Benefits from strong population growth, tourism-driven economy, and ongoing residential development • Horry County consistently ranks among South Carolina’s fastest growing counties, supporting sustained retail demand PRIME CHURCH ST RETAIL CORRIDOR • Located on Church Street (34K VPD), Conway’s main commercial artery • High visibility with signalized access • US-501 provides consistent commuter and tourist traffic NEW CONSTRUCTION WITH “CHIPOTLANE” • Built to Chipotle’s current prototype specifications • Includes “Chipotlane” drivethru, boosting digital order fulfillment and efficiency • Modern design with curbside pickup, supporting long-term relevance and strong sales RETAIL DENSE CORRIDOR • Situated in Conway’s primary retail corridor, surrounded by national tenants including Walmart, Lowe’s, Starbucks, Chick-fil-A, and McDonald’s • Over 1.2M SF of retail space within a 1-mile radius • Conway serves as the county seat and commercial hub of Horry County

FOR SALE DETAILS

PRICE

$2,956,000 USD

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill | Myrtle Beach, SC MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

33811040029

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.