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Investment Highlights

  • 2024 Build To Suit
  • Absolute NNN Lease
  • 25,000+ Vehicles Per Day Traffic Counts
  • Corporate Guaranty
  • 8.50% Increases Every 5-Years
  • 85,000+ Population Within 10-Miles

Executive Summary

Embree Capital Markets Group is pleased to present a build-to-suit Petco located in Conway, SC. This is an opportunity for an investor to acquire a well-located Petco retail store with an attractive 15-year absolute NNN lease that features 8.5% rental increases every five years.

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,900 SF
Building Class
C
Year Built
2024
Price
$7,184,142 CAD
Price Per SF
$659.10 CAD
Cap Rate
6%
NOI
$431,088 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.77 AC
Parking
15 Spaces (1.38 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 10,900 SF
  • $39.55 CAD
  • Triple Net
  • Mar 2039

Petco began in 1965 as a mail-order veterinary supplies business and later became Petco in the late 1970s. The company now operates as a pet health and wellness business offering pet care products, grooming, positive dog training, veterinary services, vaccination clinics, and membership offerings through stores and digital channels. Petco's service mix extends beyond retail into broader wellness solutions, with products and services aimed at pets, pet parents, and routine care needs. Petco also founded Petco Love in 1999 to support animal welfare groups and adoption efforts.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 10,900 SF $39.55 CAD Triple Net Mar 2039
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Waffle House
Eggs Up Grill
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
33703010010
Land Assessment
$1,981,465 CAD
Improvements Assessment
$4,096,256 CAD
Total Assessment
$6,077,721 CAD
  • Listing ID: 33013374

  • Date on Market: 2024-08-30

  • Last Updated:

  • Address: 2918 Church St, Conway, SC 29526

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