2182 Cherry Rd, Rock Hill, SC 29732

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.