Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- Advance Auto Parts / Auto Parts Store
- Car Quest Auto Parts / Auto Parts Store
- CARQUEST AUTO PARTS #4258 / Auto Parts Store
Property Details for 1209 Main St
- Year built
- 1985
- Lot size
- 0.73 lot acres
- Property type
- Retail properties & Spaces
- 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.
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
- -81.0054
- Latitude
- 34.9165
