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    2182 Cherry Rd Rock Hill, SC 29732

    Sponsored
    For Sale
    $6,000,000

    High-Yield SC Fitness Center

    Property size:
    32,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • 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.
    • Strong demographics within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gold's Gym Gym IRON-ASYLUM-GYM School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    Request Owner's contact information
    2182 Cherry Rd Rock Hill, SC 29732
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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
    2182 Cherry Rd Rock Hill, SC 29732
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