Gold's Gym Investment
2182 Cherry Rd, Rock Hill, SC 29732
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NN leased Gold’s Gym investment property in Rock Hill, South Carolina.
Type:Special Purpose
Property size:
32,000 SFPrice / SF:
$177/SF- Added:
- Aug 23, 2024
- Days on Market:
- 640
- Last Refresh:
- May 12 at 11:38 pm
Property Features for 2182 Cherry Rd
General Information
- Standard status
- Active
- Size
- 32,000 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2009
Listing agent Matthew Mousavi License #CA 01732226
Listing office SRS Real Estate Partners Newport Beach (480) 221-4221
Listing date Aug 23, 2024
Source Crexi
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 SRS Real Estate Partners Newport Beach
HighLights
- NN leased Gold's Gym investment property with approximately 15 years remaining on the lease and two 5‑year options to extend.
- Lease guaranteed by 3 additional entities encompassing 20 units (12 gyms and 8 dental practices).
- Located on Cherry Road with high traffic volume (41,200 VPD) and as an outparcel to a Publix‑anchored shopping center.
- Features 1.25% annual rental increases throughout the initial term and option periods (excluding 8/1/2036 to 7/31/2039).
- Located near Interstate‑77 (90,200 VPD) providing access to the Charlotte, NC MSA.
- Strong demographics with over 115,900 residents, 53,500 employees, and an average annual household income of $104,272 within a 5‑mile radius.
Overview
This is an opportunity to acquire a fee simple interest in a NN leased Gold’s Gym investment property 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. The lease features 1.25% annual rental increases throughout the initial term and option periods. 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. The 32,000-square-foot Gold’s Gym is located on Cherry Road, with a traffic count of 41,200 vehicles per day. Cherry Road is a major retail thoroughfare serving the city of Rock Hill. The Gold’s Gym is an outparcel to a Publix-anchored shopping center that also features Advance Auto Parts, Zips Car Wash, and Bank of America. The asset is also in close proximity to many national/credit tenants, including Walmart, The Home Depot, Big Lots, ALDI, Petsmart, and Chick-fil-a. The site is located near on/off ramp access to Interstate-77, with a traffic count of 90,200 vehicles per day, connecting Rock Hill to the rest of the Charlotte, NC MSA. The 5-mile trade area is supported by over 115,900 residents and 53,500 employees, with an average annual household income of $104,272.
Location Intelligence
Current Use by Public Records
Gold's Gym
Gym & Fitness Center
IRON-ASYLUM-GYM
High School
Similar Places Nearby
- Next Level Gymnastics Academy — 732 Mt Gallant Rd, Rock Hill, SC 29730
- FIT4MOM Fort Mill and Rock Hill
- The Wellness Bar — 701 N Anderson Rd STE 100, Rock Hill, SC 29730
- Panther Practice Facility — rock hill, sc 29730
- Rock Hill Gymnastics, Inc. — 400 Mt Gallant Rd, Rock Hill, SC 29730
Location Insight
- Map
- Local Demand
- City
- Rock Hill
- County
- York
- State
- South Carolina
- Longitude
- -80.9969011
- Latitude
- 34.96255
Nearby Similar for Sale
FAQs
What type of property is this?
Fitness center & gym - NN leased Gold’s Gym investment property in Rock Hill, South Carolina.
Where is this fitness center & gym located?
The property is located at 2182 Cherry Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $5,694,000.
What are key features of this property?
This property features: NN leased Gold's Gym investment property with approximately 15 years remaining on the lease and two 5‑year options to extend.; Lease guaranteed by 3 additional entities encompassing 20 units (12 gyms and 8 dental practices).; Located on Cherry Road with high traffic volume (41,200 VPD) and as an outparcel to a Publix‑anchored shopping center.
