1650 Church St. , 1652 Church St.

Description

Celebration Square is is a 12,135 square foot retail-restaurant duplex located at the signalized corner of Church Street/Highway 501 and Mill Pond Road in Conway. Custom built in 2021, this property is divided into two restaurant units; McAlister's Deli and a 350-seat former steakhouse. Each unit is equipped with a drive-thru, allowing for concept flexibility. Triple-lane ingress/egress from Church Street/501 and double lane ingress/egress on Mill Pond Road provide an ease of flow at this high traffic intersection. McAlister's Deli occupied the property in 2021 and signed a 15 year lease. FF&E may be acquired separately. Subject property is located at the corner of Church Street/Highway 501, one of the Grand Strand's major traffic arteries, and Mill Pond Road, secondary thoroughfare that serves as an interior beltway around Conway's Central Business District. This submarket has experienced stability due to it being the hub of county government services, industry, and higher education in Horry County. Conway has seen annual growth rate of 5.96% and has grown 22.9% since the 2020 census. Master-planned developments located off Highways 701 & 378(with connectivity via Mill Pond Road) will add an additional 3,200+ units to Conway by 2030.