Building Details

Year Built 2026

Units 1

Tenancy Single

Listing Agency: Oswald Cooke & Associates

Listed By: Catherine Vaughn · License #SC 92715

Source: Crexi

Added: Apr 14 Changed: Oct 10 Last Checked: Oct 23 at 6:39AM

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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 Oswald Cooke & Associates

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This for-sale retail property is offered on an Absolute NNN basis. The offering is described as specialty/grocery and convenience-oriented retail within the broader retail space category, with consistent population growth referenced in the marketing materials.

The site is located in York County in northern South Carolina along the North Carolina border and is part of the Charlotte MSA. The property is positioned to serve traffic tied to “going home” routes along Wylie Avenue, providing access to an expansive rural residential area. The remarks also indicate no grocery within the trade area.

The provided information cites population growth of 1.38% within a 5-mile area and 5% increases every five years throughout the lease, supporting the stated demand profile.

Key Highlights

• Year built: 2026
• Absolute NNN retail asset
• Located along Wylie Avenue in York County, South Carolina (Charlotte MSA)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,059

Cap Rate

6.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,461,180 $2.5M

Cap Rate 7%

$1,757,986 $1.8M

Cap Rate 9%

$1,367,322 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$182.4K $20.04/SF

− Vacancy

−$6.6K −$0.72/SF

EGI

$175.8K $19.32/SF

− OpEx

−$52.7K −$5.80/SF

NOI

$123.1K $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 Rate 5%

$2,461,180

Cap Rate 7%

$1,757,986

Cap Rate 9%

$1,367,322

Alternative Uses

Best Use

Retail

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $123,059 @ 7.0% cap · market cap 6.07%

Second Best

Specialty Retail

$1.75M

$1.53M – $2.04M (±1% cap)

NOI $122,412 @ 7.0% cap · market cap 6.04%

Theoretical Best

Office A

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,797 @ 7.0% cap · market cap 7.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop HVAC Service Grocery & Convenience Store Restaurant Pet Store & Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 29717, SC

1,364

Population

718

Households

1.9

Avg Household Size

41

Median Age

16%

College-Educated

86%

High-School Grad

37.4 sq mi

ZIP Area

36

Density / Sq Mi

$66,186

Median Household Income

$45,161

Median Earnings

$1,114

Median Rent

$160,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

NNN property - Absolute NNN retail asset positioned along Wylie Avenue with no grocery in the immediate trade area.

Where is this nnn property located?

The property is located at 5774 Wylie Ave Hickory Grove, SC.

What is the asking price?

The asking price for this property is $2,028,000.

What are key features of this property?

This property features: Year built: 2026; Absolute NNN retail asset; Located along Wylie Avenue in York County, South Carolina (Charlotte MSA)