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    2178 Cherry Rd Rock Hill, SC 29732

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    For Sale
    $5,726,193

    NNN leased car wash with annual rent increases.

    Property size:
    3,246 SF
    Lot size:
    0.88 Acres

    Property Features for 2178 Cherry Rd

    General Information

    Size
    3,246 SF
    Lot size
    0.88 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Zips Car Wash Investment Opportunity

    The property at 2178 North Cherry Road, Rock Hill, SC 29732, features a Zips Car Wash. The building has approximately 3,246 rentable square feet of space and is situated on an estimated 0.95-acre parcel of land. The car wash is subject to an absolute triple-net (NNN) lease that commenced on 12/28/2018. The initial annual rent is $415,149, with 1.00% annual increases scheduled throughout the base term and continuing through six, 5-year options. The lease is a long-term, 20-year absolute triple net (NNN) lease with approximately 14 years remaining. The tenant has six (6), five (5)-year renewal options, potentially extending the lease term to 50 years. This property qualifies for 15-year accelerated depreciation as well as bonus depreciation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Zips Car Wash Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -80.9985796
    Latitude
    34.9648074

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    FAQs

    What type of property is this?
    Car wash - NNN leased car wash with annual rent increases.
    Where is this car wash located?
    The property is located at 2178 Cherry Rd Rock Hill, SC.
    What is the asking price?
    The asking price for this property is $5,726,193.
    What are key features of this property?
    This property features: - Long-term, absolute triple-net (NNN) lease with approximately 14 years remaining.; - Initial annual rent of $415,149.; - Features 1.00% annual rental increases throughout the base term and option periods.
    (332) 345-2408
    Request Owner's contact information
    2178 Cherry Rd Rock Hill, SC 29732
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    2178 Cherry Rd
    Rock Hill, SC 29732
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2178 Cherry Rd Rock Hill, SC 29732
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