For Sale
$4,653,820

1260 Main St Rock HlRock Hill, SC 29730

High-Sales Grocery Store, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Food Lion-anchored net lease investment opportunity in Rock Hill, SC.
  • Strong tenant: Food Lion, a dominant grocer in the market.
  • High-traffic location: 3.38-acre site on E Main Street with excellent visibility and access.
  • Exceptional location: Co-tenancy includes Walgreens, Dollar General, AutoZone, O'Reilly Auto Parts, and QSRs.
  • Additional income stream: On-site Bank of America drive-thru ATM.
  • Solid financials: $4,653,820 asking price, $117.45/SF, 6.25% cap rate, $290,864 NOI.

Property Details for 1260 Main St Rock Hl

Property type
Retail properties, Grocery and convenience stores
Square Feet
39,625 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
147,233 SF

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9145874
Longitude
-81.0023873
1260 Main St Rock Hl, Rock Hill, South Carolina

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1260 Main St Rock Hl
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