

Petco
STNL Petco | New 15-Year Absolute NNN Lease
Marketing description
Embree Capital Markets Group proudly presents a premier single-tenant net-leased Petco property located at 2918 Church Street in Conway, South Carolina. This asset offers investors a stable income stream backed by a nationally recognized tenant in a rapidly growing market.
Conway serves as the county seat of Horry County and is an integral part of the Myrtle Beach metropolitan area. The city's population has experienced significant growth, reaching approximately 29,891 in 2025, marking an 18.97% increase since 2020 . This growth is fueled by its proximity to Myrtle Beach, a major tourist destination, and the presence of institutions like Coastal Carolina University. The property boasts excellent visibility and accessibility, situated along U.S. Route 501, a major thoroughfare connecting Conway to Myrtle Beach and other key regions. Additionally, U.S. Routes 701 and 378 intersect the city, enhancing connectivity to surrounding markets.
Petco Health & Wellness Company, Inc. is a leading pet health and wellness retailer with over 1,500 locations across the U.S., Mexico, and Puerto Rico . Since its founding in 1965, Petco has been dedicated to improving the lives of pets and their owners through a comprehensive range of products and services, including grooming, training, and veterinary care. In 2021, Petco successfully raised $817 million in its IPO, reflecting strong investor confidence in the pet care industry . Despite recent market challenges, the company continues to focus on enhancing profitability and operational efficiency.
Investment highlights
Petco Corporate Lease – National, publicly traded tenant with 1,500+ locations.
Build – New 2024 Built-to-Suit Development
Absolute NNN Lease – Tenant handles taxes, insurance, and maintenance.
High-Traffic Corridor – Located on US Hwy 501 with strong visibility, 25,000+ Vehicle Per Day Traffic Counts.
Fast-Growing Market – Conway population up ~19% since 2020.
Retail Synergy – Near ALDI, Goodwill, Walmart, O’Reilly Auto Parts, and many more.
University Nearby – Close to Coastal Carolina University (7-Miles).
New Construction – Built in 2024; low maintenance needs.
Easy Access – Direct Access on US HWY 501.
Tourist Hub – Near Myrtle Beach, a top travel destination.
Strong Industry – Pet care is recession-resistant.
Long-Term Lease – Stable income with built-in rent bumps.
Growth-Oriented Tenant – Petco expanding services and footprint.
1031 Exchange Ready – Ideal for replacement property.
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?




