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725 Cherry Rd Rock Hill, SC 29732

High-Occupancy Retail Center in Rock Hill, SC

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 120,321-square-foot shopping center, located at 725 Cherry Rd, Rock Hill, SC 29732, presents a compelling investment opportunity. The property, built in 1962 and extensively renovated in 2019, comprises two, two-story buildings situated on a 10.74-acre lot. Currently boasting 86% occupancy across its 26 units, the center is anchored by strong national tenants including Dollar Tree, Ace Hardware, EarthFare, and Rent A Center. The property benefits from a high-traffic location, with 28,000 vehicles passing daily on Cherry Rd, and enjoys proximity to Winthrop University (5,000+ students) and a dense population base (over 63,000 within a 3-mile radius). The center's strategic location within the Charlotte, NC MSA, combined with modest rents and TICAMs, offers significant value-add potential. The property's strong tenant mix, high occupancy rate, and convenient access via two stoplights contribute to its exceptional investment prospects. A 4% compound annual growth rate further underscores the property's consistent performance and future potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving market.

Highlights

  • Grocery-anchored retail center in the Charlotte, NC MSA.
  • 86% occupied, offering value-add potential.
  • Below-market rents and low tenant improvement allowances (TICAMs).
  • Excellent visibility with two signalized intersections.
  • Built in 1962, renovated in 2019.
  • High traffic count: 28,000 vehicles per day on Cherry Rd.

Property Details for 725 Cherry Rd

Property type
Lifestyle centers, Power centers
Square Feet
120,321 SF
Year Built/Renovated
1962/2019
Buildings
2
Stories
2
Lot Size (sq. ft)
467,834 SF
Units
26

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9944873
Longitude
-81.0533854

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Retail Center in Rock Hill, SC
Where is the lifestyle center located?
The property is located at 725 Cherry Rd Rock Hill, SC.
What are key features of this property?
This property features: Grocery-anchored retail center in the Charlotte, NC MSA.; 86% occupied, offering value-add potential.; Below-market rents and low tenant improvement allowances (TICAMs).
How can I contact the broker?
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725 Cherry Rd
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