1260 Main St Rock Hl Rock Hill, SC 29730
- Retail properties
- 39,625 SF
- 3.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1260 Main St Rock Hl
- Year built
- 1999
- Lot size
- 3.38 lot acres
- Property size
- 39,625 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 39,625 square foot Food Lion grocery store in Rock Hill, South Carolina. Located on a 3.38-acre lot at 1260 E Main Street, this single-story building boasts a 6.25% cap rate and a strong NOI of $290,864. The property features a corporate-guaranteed lease with Food Lion, a dominant grocer in the market, with a remaining lease term of approximately 0.8 years, expiring September 12, 2025, and includes two five-year renewal options with 10% rent increases each. Built in 1999, the property is 100% occupied since December 2, 1982, and benefits from a convenient location on a major thoroughfare with high visibility. The property also includes a Bank of America drive-thru ATM. Landlord responsibilities include exterior and roof maintenance. This asset presents a compelling investment opportunity, particularly given its location near Charlotte, NC's MSA, and the presence of other national retailers in the immediate vicinity, including Walgreens, Dollar General, AutoZone, and O'Reilly Auto Parts, along with several quick-service restaurants. The asking price is $4,653,820, translating to a price per square foot of $117.45. The property is offered as a net lease investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rock Hill
- County
- York
- State
- South Carolina
- Longitude
- -81.0024
- Latitude
- 34.9146
