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    1260 Main St Rock Hl Rock Hill, SC 29730

    For Sale
    $4,653,820

    High-Sales Grocery Store, Net Lease

    Property size:
    39,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 39,625 square foot Food Lion grocery store in Rock Hill, South Carolina. Located on a 3.38-acre lot at 1260 E Main Street, this single-story building boasts a 6.25% cap rate and a strong NOI of $290,864. The property features a corporate-guaranteed lease with Food Lion, a dominant grocer in the market, with a remaining lease term of approximately 0.8 years, expiring September 12, 2025, and includes two five-year renewal options with 10% rent increases each. Built in 1999, the property is 100% occupied since December 2, 1982, and benefits from a convenient location on a major thoroughfare with high visibility. The property also includes a Bank of America drive-thru ATM. Landlord responsibilities include exterior and roof maintenance. This asset presents a compelling investment opportunity, particularly given its location near Charlotte, NC's MSA, and the presence of other national retailers in the immediate vicinity, including Walgreens, Dollar General, AutoZone, and O'Reilly Auto Parts, along with several quick-service restaurants. The asking price is $4,653,820, translating to a price per square foot of $117.45. The property is offered as a net lease investment.

    Property Features for 1260 Main St Rock Hl

    General Information

    Property type
    Individual retail properties
    Square Feet
    39,625 SF
    Lot Size
    147,233 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    HighLights

    • Food Lion‑anchored net lease investment opportunity in Rock Hill, SC.
    • Strong tenant: Food Lion, a dominant grocer in the market.
    • High‑traffic location: 3.38‑acre site on E Main Street with excellent visibility and access.
    • Exceptional location: Co‑tenancy includes Walgreens, Dollar General, AutoZone, O'Reilly Auto Parts, and QSRs.
    • Additional income stream: On‑site Bank of America drive‑thru ATM.
    • Solid financials: $4,653,820 asking price, $117.45/SF, 6.25% cap rate, $290,864 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.0023873
    Latitude
    34.9145874

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    FAQs

    What type of property is this?
    Individual retail property - High-Sales Grocery Store, Net Lease
    Where is this individual retail property located?
    The property is located at 1260 Main St Rock Hl Rock Hill, SC.
    What is the asking price?
    The asking price for this property is $4,653,820.
    What are key features of this property?
    This property features: Food Lion-anchored net lease investment opportunity in Rock Hill, SC.; Strong tenant: Food Lion, a dominant grocer in the market.; High-traffic location: 3.38-acre site on E Main Street with excellent visibility and access.
    Request Owner's contact information
    1260 Main St Rock Hl Rock Hill, SC 29730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1260 Main St Rock Hl Rock Hill, SC 29730
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