2182 Cherry Rd Rock Hill, SC 29732
- Specialty properties
- 32,000 SF
- 4.10 lot acres
Current Use by Public Records
- Gold's Gym / Gym & Fitness Center
- IRON-ASYLUM-GYM / High School
Property Details for 2182 Cherry Rd
- Year built
- 2009
- Lot size
- 4.10 lot acres
- Property size
- 32,000 SF
- Property type
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rock Hill
- County
- York
- State
- South Carolina
- Longitude
- -80.9969
- Latitude
- 34.9625
