2320 Cherry Rd Rock Hill, SC 29732
- Retail properties
- 9,543 SF
- 3.63 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2320 Cherry Rd
- Year built
- 2024
- Lot size
- 3.63 lot acres
- Property size
- 9,543 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed, 9,543 square foot multi-tenant retail property located at 2320 Cherry Rd, Rock Hill, SC 29732. The property boasts a strong tenant lineup including Panda Express, First Watch, Deca Dental, and Tropical Cafe, all operating under a triple-net (NNN) lease structure with a corporate guarantee and a remaining lease term of 15 years. The building, constructed in 2024, sits on a 3.63-acre lot and enjoys a prime location in a high-traffic retail corridor with over 32,000 vehicles passing daily. Its convenient access to I-77 (71.9K VPD) further enhances its visibility and accessibility. The property's strategic location within the rapidly growing Charlotte MSA, which experienced significant population and job growth in recent years, ensures long-term stability and potential appreciation. The 100% occupancy rate and a strong 6.35% cap rate, based on a Net Operating Income (NOI) of $391,575, make this a compelling investment opportunity. The property features a fee simple ownership structure and benefits from easily accessible ingress and egress points. Rent bumps vary according to lease agreements. This is a rare chance to acquire a high-quality, multi-tenant retail asset in a thriving market with significant upside potential. The property offers minimal landlord responsibilities due to the NNN lease structure and the long-term lease agreements provide significant stability for the investor.
Value Estimation
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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
- -80.9952
- Latitude
- 34.9676
