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31221321
31221322

1605 Church St, Conway, SC 29526

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$2,956,000
75 days on market
Updated 75 days ago

Chipotle Mexican Grill | Myrtle Beach, SC MSA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,374
Cap Rate 4.5%
NOI $133,000
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2041
Remaining Term 15.2
Rent Bumps Yes
Lease Options 4 x 5 Years
Price per SqFt $1,245
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 0.990
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/28/2026
Ground Lease Yes
Ownership Fee Simple

4.50% CAP | RARE Ground Lease

Investment highlights

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

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$133,000.00
$11,083.33/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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