For Sale
$549,000

200 Herlong Ave Rock Hill, SC 29732

Net Leased Medical Office, 7.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
136
Exceptional investment opportunity: a fully leased 2,310 square foot medical office condo in the Rock Hill Medical Park Condominiums, York County, South Carolina. This Class B property is currently under a triple-net (NNN) lease with Oakview Dermatology, a reputable tenant, for a three-year term commencing November 1, 2024. The asking price is $549,000, representing a compelling 7.15% capitalization rate. The property's address is 200 S Herlong Ave, Suite E-1, Rock Hill, SC 29732. This investment offers a stable income stream with a long-term tenant in place, minimizing vacancy risk. The property is a single unit, providing ease of management. The lease structure ensures the tenant is responsible for most operating expenses, further enhancing the investment's attractiveness. This is an ideal opportunity for investors seeking a low-risk, high-return investment in a thriving medical market. The property's location within the Rock Hill Medical Park Condominiums provides excellent visibility and accessibility. With a strong tenant and favorable lease terms, this medical office condo presents a compelling investment proposition.

Highlights

  • Fully leased medical office condo investment opportunity.
  • NNN lease with Oakview Dermatology, commencing November 1, 2024, for three years.
  • 2,310 square foot space located within the Rock Hill Medical Park Condominiums.

Property Details for 200 Herlong Ave

Property type
Office properties, Medical offices
Square Feet
2,310 SF
Class
B
Units
1

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9557516
Longitude
-81.0496292

FAQs

What type of property is this?
Office property - Net Leased Medical Office, 7.15% Cap Rate
Where is the office property located?
The property is located at 200 Herlong Ave Rock Hill, SC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Fully leased medical office condo investment opportunity.; NNN lease with Oakview Dermatology, commencing November 1, 2024, for three years.; 2,310 square foot space located within the Rock Hill Medical Park Condominiums.
How can I contact the broker?
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200 Herlong Ave
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