2182 Cherry RdRock Hill, SC 29732

Property Details for 2182 Cherry Rd

Year built

2009

Lot size

4.10 AC

Property size (Sq ft)

32,000 SF

Property type

Sports & entertainment properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Latitude

34.9625

Longitude

-80.9969

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