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Chipotle Mexican Grill | Myrtle Beach, SC MSA 1605 Church st 2,374 SF 4-Star Retail Building Conway, SC 29526 $4,137,602 CAD ($1,742.88 CAD/SF) 4.50% Cap Rate
Investment Highlights
- NEW CONSTRUCTION WITH “CHIPOTLANE”
- EXTREMELY RARE LEASE STRUCTURE
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
Executive Summary
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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,374 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$4,137,602 CAD
Price Per SF
$1,742.88 CAD
Cap Rate
4.50%
NOI
$186,164 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.99 AC
Opportunity Zone
Yes
Frontage
73’ on U.S. 501
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle
- Retailer
- 2,374 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle | Retailer | 2,374 SF | - | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 33811040029 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $12,020,104 CAD |
Property Taxes
Parcel Number
33811040029
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,020,104 CAD
Contacts
-
David Hoppe -
Mike Lucier -
Eric Suffoletto -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Chipotle Mexican Grill | Myrtle Beach, SC MSA | 1605 Church st
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