2178 Cherry RdRock Hill, SC 29732

Exceptional investment opportunity: This fee-simple car wash in Rock Hill, South Carolina, offers a compelling return. The property, built in 2012, boasts 3,246 square feet on a 0.95-acre lot at 2178 Cherry Rd, 29732. It's currently under a 20-year NNN lease with a corporate guarantee, providing significant financial stability. The lease commenced December 28, 2018, and has approximately 14.1 years remaining, with six 5-year renewal options extending the potential lease term to 50 years. The current annual net operating income (NOI) is $415,149, representing a 7.25% cap rate on the $5,726,193 asking price. The lease includes annual rent increases of 1.00%, ensuring consistent growth. This property is eligible for 15-year accelerated depreciation and bonus depreciation, further enhancing its investment appeal. The property's strong tenant, Zips Car Wash, benefits from recent significant investment, adding to its long-term viability. This is a rare opportunity to acquire a high-performing, low-maintenance asset with substantial upside potential.