Auto Service Center NNN
724 Cherry Road Rock Hill, SC 29732
724 Cherry Road, Rock Hill, SC, 29732
Contact for pricing
For Sale
Contact for pricing
Single-tenant Mavis Tires & Brakes with a 20-year NNN lease and scheduled 5% rent increases.
Property Size6,850 SF
Lot Size0.66 Acres
Price / SF$380.83
Days on Market50
Property Features for 724 Cherry Road
General Information
- Standard status
- Active
- Size
- 6,850 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Matthew Anuszkiewicz · License #NY 10401294046
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 19 at 8:27AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property is an approximately 6,850 rentable square foot auto service building on an estimated 0.66-acre parcel. It is leased to Mavis Tires & Brakes under a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent is stated at $150,000, with scheduled increases of 5.00% every five years.
The facility is located at 724 Cherry Road in Rock Hill, South Carolina. The offering is positioned as an NNN automotive investment with a long-term tenant commitment tied to the lease term.
For buyers or investors seeking an automotive single-tenant asset, the primary consideration here is the executed lease structure: a 20-year NNN arrangement with defined rent steps. For tenant-oriented buyers, the property’s fit is centered on a stabilized, purpose-built tire and brake service use under the existing lease terms.
The facility is located at 724 Cherry Road in Rock Hill, South Carolina. The offering is positioned as an NNN automotive investment with a long-term tenant commitment tied to the lease term.
For buyers or investors seeking an automotive single-tenant asset, the primary consideration here is the executed lease structure: a 20-year NNN arrangement with defined rent steps. For tenant-oriented buyers, the property’s fit is centered on a stabilized, purpose-built tire and brake service use under the existing lease terms.
Key Highlights
- Mavis Tires & Brakes single‑tenant property at 724 Cherry Road, Rock Hill, SC 29732
- Approximately 6,850 rentable SF building on an estimated 0.66‑acre parcel
- 20‑year Triple Net (NNN) lease commencing upon close of escrow
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.3k | $20.04 |
| − Vacancy | −$4.9k | −$0.72 |
| EGI | $132.3k | $19.32 |
| − OpEx | −$39.7k | −$5.80 |
| NOI | $92.6k | $13.52 |
6,850 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,632 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$875.5K
$766.0K – $1.02M
NOI $61,283 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,759 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mavis Tires & Brakes
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- SupremeTinting — Rose St, Rock Hill, SC 29730
- M L Tires Auto Repair — 198 S Cherry Rd, Rock Hill, SC 29732
- AL's Auto Body Repair — 128 S Cherry Rd, Rock Hill, SC 29732
- Danny's Mobile RV Repair — 516 Orchard Ln, Rock Hill, SC 29730
- Econos Used Tire Service — 128 S Cherry Rd, Rock Hill, SC 29732
FAQs
What type of property is this?
Auto shop - Single-tenant Mavis Tires & Brakes with a 20-year NNN lease and scheduled 5% rent increases.
Where is this auto shop located?
The property is located at 724 Cherry Road Rock Hill, SC.
What is the asking price?
The asking price for this property is $2,608,696.
What are key features of this property?
This property features: Mavis Tires & Brakes single‑tenant property at 724 Cherry Road, Rock Hill, SC 29732; Approximately 6,850 rentable SF building on an estimated 0.66‑acre parcel; 20‑year Triple Net (NNN) lease commencing upon close of escrow
