For Sale
$553,000

1209 Main St Rock Hill, SC 29730

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • Strong credit tenant, Advance Auto Parts (NYSE: AAP), with $3.9B market cap and $11.28B annual revenue, provides corporate guaranty.
  • Long-term tenant (nearly 15 years) recently signed a 10-year lease extension.
  • Absolute NNN lease with six five-year options; zero landlord responsibilities; below-market rent.
  • Located in a high-traffic commercial node with over 1.3 MSF of retail and industrial space within one mile.
  • Excellent access via E. Main St (27.4K VPD) and Albright Rd (18.3K VPD), close to I-77 (76.4K VPD) and downtown Rock Hill; over 2.5K homes within one mile.

Property Details for 1209 Main St

Property type
Retail properties, Retail space
Square Feet
12,208 SF
Class
A
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9164515
Longitude
-81.0053799

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 1209 Main St Rock Hill, SC.
What is the asking price?
The asking price for this property is $553,000.
What are key features of this property?
This property features: Strong credit tenant, Advance Auto Parts (NYSE: AAP), with $3.9B market cap and $11.28B annual revenue, provides corporate guaranty.; Long-term tenant (nearly 15 years) recently signed a 10-year lease extension.; Absolute NNN lease with six five-year options; zero landlord responsibilities; below-market rent.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1209 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message