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Popeyes 2886 US-501 2,350 SF 4-Star Retail Building Conway, SC 29526 $5,586,563 CAD ($2,377.26 CAD/SF) 5.25% Cap Rate
Investment Highlights
- NEW IMMEDIATE DEVELOPMENT
- TOURIST DESTINATION
- ATTRACTIVE LEASE FUNDAMENTALS
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- New 20 year Abs. NNN
- 2% annual rental increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
BRAND NAME TENANT
- Popeyes is the second largest “quick-service chicken restaurant group”
- Over 4,100+ locations in 40 states and 30 countries world wide
- In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022
COASTAL CAROLINA UNIVERSITY
- 2.5 Miles from the site is Coastal Carolina University which has more than 11K students
- With the school growing every year the economic impact of Coastal Carolina exceeds $565 Million annually
NEW CONSTRUCTION
- Popeyes is constructing the new building to their newest prototype
- With the new construction comes a “digital-centric” format with kiosks, streamlined kitchens, digital pick up shelves, and much more
NEW IMMEDIATE DEVELOPMENT
- The site has proposed surrounding development of over 500K SF of retail with more than 1,600 multi-family homes being added
- Proposed plans nearby include a Supercenter and further residential development, establishing a new trade area
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
- New 20 year Abs. NNN
- 2% annual rental increases
- Zero Landlord Responsibilities
- 4 x 5 year extensions providing a long term investment
BRAND NAME TENANT
- Popeyes is the second largest “quick-service chicken restaurant group”
- Over 4,100+ locations in 40 states and 30 countries world wide
- In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022
COASTAL CAROLINA UNIVERSITY
- 2.5 Miles from the site is Coastal Carolina University which has more than 11K students
- With the school growing every year the economic impact of Coastal Carolina exceeds $565 Million annually
NEW CONSTRUCTION
- Popeyes is constructing the new building to their newest prototype
- With the new construction comes a “digital-centric” format with kiosks, streamlined kitchens, digital pick up shelves, and much more
NEW IMMEDIATE DEVELOPMENT
- The site has proposed surrounding development of over 500K SF of retail with more than 1,600 multi-family homes being added
- Proposed plans nearby include a Supercenter and further residential development, establishing a new trade area
TOURIST DESTINATION
- Top Tourist Destination in the Country - The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
- Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
- Home to 25 international companies, in the top 10 for Foreign Direct Investment
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,350 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,586,563 CAD
Price Per SF
$2,377.26 CAD
Cap Rate
5.25%
NOI
$293,312 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.89 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Popeyes
- Retailer
- 2,350 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Popeyes | Retailer | 2,350 SF | - | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 4
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Popeyes | 2886 US-501
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