Automotive Retail Outparcel
For Sale
$2,759,000
1741 Heckle Boulevard Rock, Rock Hill, SC 29730
A 2000-built, 6,500 SF outparcel building on a high-visibility site near Wedgewood Square anchored by Publix.
Property Size6,500 SF
Price / SF$424.46
Days on Market52
Property Features for 1741 Heckle Boulevard Rock
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Big Box Retail
Additional Details
Business Included
Yes
Building Details
Building Size
6,500 SF
Year Built
2000
Tenancy
Single
Listing Agency:
SVN | Southern Commercial Real Estate
(803) 325-1000
Listed By:
Randy Graham · License #11640
(803) 325-1000
Source:
Thebrokerlist
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 13 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Southern Commercial Real Estate
Investment Insights
Based on property information with market context.
A ±6,500 SF building constructed in 2000, positioned as an outparcel on a high-visibility site. The property is currently leased to Merchants, LLC (NTB), providing an income stream for retail and vehicle-related investors.
The site benefits from good traffic count visibility, with Wedgewood Square Shopping Center nearby and anchored by Publix. The shopping center includes tenants such as Upper Palmetto YMCA, Ace Hardware, Marco's Pizza, and Edward Jones. Adjacent outparcels include Wells Fargo, Taco Bell, Dunkin', and Wedgewood Sq. Dental.
This offering combines an existing lease with a retail-oriented location supported by surrounding national and regional tenants.
The site benefits from good traffic count visibility, with Wedgewood Square Shopping Center nearby and anchored by Publix. The shopping center includes tenants such as Upper Palmetto YMCA, Ace Hardware, Marco's Pizza, and Edward Jones. Adjacent outparcels include Wells Fargo, Taco Bell, Dunkin', and Wedgewood Sq. Dental.
This offering combines an existing lease with a retail-oriented location supported by surrounding national and regional tenants.
Key Highlights
- 6,500 SF outparcel building built in 2000
- Located in Rock Hill, SC on a high‑visibility site with good traffic count
- Situated near Wedgewood Square Shopping Center, anchored by Publix
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,899
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,757,980
$1.8M
Cap Rate 7%
$1,255,700
$1.3M
Cap Rate 9%
$976,656
$976.7K
Market Conditions
NOI Build-Up for 6,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$130.3K $20.04/SF
− Vacancy
−$4.7K −$0.72/SF
EGI
$125.6K $19.32/SF
− OpEx
−$37.7K −$5.80/SF
NOI
$87.9K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,757,980
Cap Rate 7%
$1,255,700
Cap Rate 9%
$976,656
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.46M
NOI $87,899 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$830.7K
$726.9K – $969.2K
NOI $58,152 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,998 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
168k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 22%
Shops & Services 16%
Home Improvements & Furnishings 2%
Publix
Groceries
36,808 visits/mo
0.1 miles
McDonald's
Dining
28,904 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
15,649 visits/mo
0.2 miles
Taco Bell
Dining
12,470 visits/mo
0.1 miles
Wendy's
Dining
11,795 visits/mo
0.1 miles
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Spotless Wash & Lube Express — 445 s herlong ave, rock hill, sc 29732
- Spotless Wash & Lube — 445 S Herlong Ave, Rock Hill, SC 29732
- Meineke Car Care Center — 525 S Herlong Ave, Rock Hill, SC 29732
- NTB-National Tire & Battery — 1741 Heckle Blvd, Rock Hill, SC 29732
- Costa Oil - 10 Minute Oil Change - Rock Hill — 445 S Herlong Ave, Rock Hill, SC 29732
Frequently Asked Questions
What type of property is this?
Auto shop - A 2000-built, 6,500 SF outparcel building on a high-visibility site near Wedgewood Square anchored by Publix.
Where is this auto shop located?
The property is located at 1741 Heckle Boulevard Rock Rock Hill, SC.
What is the asking price?
The asking price for this property is $2,759,000.
What are key features of this property?
This property features: 6,500 SF outparcel building built in 2000; Located in Rock Hill, SC on a high‑visibility site with good traffic count; Situated near Wedgewood Square Shopping Center, anchored by Publix
