2182 Cherry Rd - Freestanding FOR SALE


Rock Hill, SC 29730
$5,694,000 USD
480-221-4221
2182 Cherry Rd, Rock Hill, SC for Sale
$5,694,000 USD
Freestanding - FOR SALE
1/11
null | 7% Cap Rate

2182 Cherry Rd
Rock Hill, SC 29730


HIGHLIGHTS

  • Brand New 15-Year Lease | Several Guarantors | Options To Extend | Rental Increases
  • NN-Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Outparcel to Publix-Anchored Center | Interstate-77 | Major Retail Thoroughfare
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Gold’s Gym investment property located in Rock Hill, South Carolina. The tenant, Rock Hill Fitness Group, Inc., doing business as Gold’s Gym, has approximately 15 years remaining on its lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 1.25% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. No annual increases occur from 8/1/2036 to 7/31/2039. The lease is guaranteed by 3 additional entities which includes 20 units total (12 gyms and 8 dental practices). The lease is NN with landlord responsibilities limited to maintaining the roof and structure.

FOR SALE DETAILS

PRICE

$5,694,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gold's Gym | New 15yr NN w/ Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

Commercial

APN/PARCEL ID

6340701063

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.