Batteries Plus Storefront
For Sale
Contact for pricing
2215 Cherry Road, Rock Hill, SC 29732
Publix outparcel with established national retail co-tenancy.
Property Size2,857 SF
Price / SF$392.18
Days on Market11
Property Features for 2215 Cherry Road
General Information
Standard status
Active
Size
2,857 SF
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Publix
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group - FTL
Listed By:
Jacob Strahler · License #FL SL3483641
Source:
Crexi
Added: Aug 28
Changed: Sep 6
Last Checked: Sep 7 at 3:08AM
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 Sands Investment Group - FTL
Investment Insights
Based on property information with market context.
This 2,857 SF storefront property is occupied by Batteries Plus and positioned as an outparcel within a Publix-anchored retail setting. The building is located at 2215 Cherry Road and serves as a dedicated retail location for the existing occupant.
The property is in Rock Hill, South Carolina, with access from Cherry Road. Its placement alongside Publix and within an established national retail co-tenancy creates a defined retail context for the asset.
The property is in Rock Hill, South Carolina, with access from Cherry Road. Its placement alongside Publix and within an established national retail co-tenancy creates a defined retail context for the asset.
Key Highlights
- 2,857 SF storefront property
- Batteries Plus occupant
- Publix outparcel location
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
$38,635
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
3.45%
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%
$772,700
$772.7K
Cap Rate 7%
$551,929
$551.9K
Cap Rate 9%
$429,278
$429.3K
Market Conditions
NOI Build-Up for 2,857 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
$57.3K $20.04/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$55.2K $19.32/SF
− OpEx
−$16.6K −$5.80/SF
NOI
$38.6K $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%
$772,700
Cap Rate 7%
$551,929
Cap Rate 9%
$429,278
Alternative Uses
Best Use
Retail
$551.9K
$482.9K – $643.9K
NOI $38,635 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.9K
$587.9K – $783.8K
NOI $47,030 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
292k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 17%
Groceries 16%
Superstores 7%
Chick-fil-A
Dining
48,840 visits/mo
0.5 miles
Publix
Groceries
48,046 visits/mo
0.2 miles
Big Lots
Superstores
19,396 visits/mo
0.4 miles
Dollar Tree
Shops & Services
19,153 visits/mo
0.3 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
18,192 visits/mo
0.4 miles
Demographics for 29732, SC
59,417
Population
24,926
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
52.8 sq mi
ZIP Area
1,125
Density / Sq Mi
$79,936
Median Household Income
$44,650
Median Earnings
$1,293
Median Rent
$301,300
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
- Belky's Florist — 1807 Cherry Rd, Rock Hill, SC 29732
- The Flower Bar — Rock Hill, SC 29730
Frequently Asked Questions
What type of property is this?
Storefront property - Publix outparcel with established national retail co-tenancy.
Where is this storefront property located?
The property is located at 2215 Cherry Road Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,120,462.
What are key features of this property?
This property features: 2,857 SF storefront property; Batteries Plus occupant; Publix outparcel location
