1008 Oakland Ave Rock Hill, SC 29732-3035

Property Details for 1008 Oakland Ave

Year built

1999

Lot size

1.32 lot acres

Property size

13,833 SF

Property type

Commercial real estate

APN

629-01-03-011

APU

6290103011

Description

This exceptional investment opportunity presents a 13,833-square-foot Walgreens pharmacy located at 1008 Oakland Ave, Rock Hill, SC 29732. Built in 1999 on a 1.32-acre lot, this single-story building boasts a prime location directly adjacent to Winthrop University, a public university with over 6,500 students and staff. The property benefits from a hard corner location with excellent visibility along a heavily trafficked corridor, seeing 35,400 vehicles daily. The current lease, a double net (NN) agreement with a corporate guarantee, has approximately 4.5 years remaining, with seven 5-year renewal options. The most recent lease extension was executed without rent reduction. The Walgreens tenant has demonstrated above-average sales, with year-over-year increases for the past four years. The property's strategic location within the rapidly growing Charlotte metropolitan area, coupled with the strong tenant and lease terms, makes this a compelling investment opportunity. The roof was replaced in 2015 with a 15-year warranty. Nearby businesses include 7-Eleven, UPS Store, Starbucks, and more. The property is three miles from I-77, connecting Columbia, SC, and Charlotte, NC. The surrounding area's population exceeds 99,900 within a five-mile radius and is projected to grow further by 2028. Rock Hill is South Carolina's fifth-largest city. The asking price is $4,006,000.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Longitude

-81.031

Latitude

34.9439

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments