2182 Cherry Rd Rock Hill, SC 29732
High-Yield SC Fitness Center
Property size:
32,000 SFProperty Features for 2182 Cherry Rd
General Information
- Property type
- Specialty properties
- Square Feet
- 32,000 SF
- Lot Size
- 178,596 SF
Building Details
- Year Built/Renovated
- 2009/2015
Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Matthew Mousavi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple ownership of a 32,000 square foot Gold's Gym in Rock Hill, South Carolina. The property boasts a strong 14.7-year remaining lease term (with two 5-year options) to Rock Hill Fitness Group, Inc., operating as Gold's Gym, featuring 1.25% annual rent bumps. The Net Net (NN) lease structure minimizes landlord responsibilities, limited to roof and structure maintenance. The property, built in 2009 and renovated in 2015, sits on a 4.1-acre lot in a high-traffic location on Cherry Road (41,200 vehicles per day), an outparcel to a Publix-anchored shopping center with other national retailers. Its strategic location near Interstate-77 (90,200 VPD) provides excellent accessibility. The 5-mile trade area demonstrates robust demographics, including over 115,900 residents and 53,500 employees, with an average household income exceeding $104,272. The lease is further secured by multiple guarantors, providing enhanced financial stability. The property's current Net Operating Income (NOI) is $398,581, yielding a 6.64% capitalization rate. The asking price is $6,000,000, translating to $187.50 per square foot. The property is zoned for commercial use and has an APN of 634-07-01-063. This investment offers a compelling combination of strong tenant occupancy (100%), a long-term lease, built-in rent growth, and a prime location within a thriving retail corridor.
Property Profile
Location Intelligence
Current Use by Public Records
Gold's Gym
Gym & Fitness Center
IRON-ASYLUM-GYM
High School
Location Insight
- Map
- Local Demand
- City
- Rock Hill
- County
- York
- State
- South Carolina
- Longitude
- -80.9968529
- Latitude
- 34.9624804
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FAQs
What type of property is this?
Specialty property - High-Yield SC Fitness Center
Where is this specialty property located?
The property is located at 2182 Cherry Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Brand new 15-year lease with extension options and multiple guarantors.; Net-leased fee simple ownership with minimal landlord responsibilities.; Outparcel in a Publix-anchored center, located on Interstate 77, a major retail thoroughfare.