1209 Main St Rock Hill, SC 29730

Property Details for 1209 Main St

Year built

1985

Lot size

0.73 lot acres

Property size

12,208 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a 12,208 square foot, single-story retail building in Rock Hill, South Carolina. The property is currently 100% occupied by Advance Auto Parts, a publicly traded company (NYSE: AAP) under an absolute triple-net (NNN) lease with a corporate guarantee. The lease boasts a remaining term of 9.6 years, extending to June 30, 2034, with six five-year renewal options. The tenant has a long operating history at this location, recently signing a 10-year extension, demonstrating their commitment. The property features a low rent, resulting in a healthy rent-to-sales ratio, and offers zero landlord responsibilities. Situated on a 0.73-acre lot at 1209 E Main St, Rock Hill, SC 29730, the property benefits from high visibility and traffic counts, located near major roadways including I-77. The surrounding area includes a significant concentration of retail and industrial space, creating strong synergies with neighboring businesses. The asking price is $553,000, representing a 6.25% cap rate and a price per square foot of $45.30. The property's strong tenant, long lease term, and favorable location make it an attractive investment opportunity. Built in 1985, this Class A property offers a stable income stream with significant upside potential. The Net Operating Income (NOI) is $34,550.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Longitude

-81.0054

Latitude

34.9165