This exceptional investment opportunity presents a fee-simple ownership of a 32,000 square foot Gold's Gym in Rock Hill, South Carolina. The property boasts a strong 14.7-year remaining lease term (with two 5-year options) to Rock Hill Fitness Group, Inc., operating as Gold's Gym, featuring 1.25% annual rent bumps. The Net Net (NN) lease structure minimizes landlord responsibilities, limited to roof and structure maintenance. The property, built in 2009 and renovated in 2015, sits on a 4.1-acre lot in a high-traffic location on Cherry Road (41,200 vehicles per day), an outparcel to a Publix-anchored shopping center with other national retailers. Its strategic location near Interstate-77 (90,200 VPD) provides excellent accessibility. The 5-mile trade area demonstrates robust demographics, including over 115,900 residents and 53,500 employees, with an average household income exceeding $104,272. The lease is further secured by multiple guarantors, providing enhanced financial stability. The property's current Net Operating Income (NOI) is $398,581, yielding a 6.64% capitalization rate. The asking price is $6,000,000, translating to $187.50 per square foot. The property is zoned for commercial use and has an APN of 634-07-01-063. This investment offers a compelling combination of strong tenant occupancy (100%), a long-term lease, built-in rent growth, and a prime location within a thriving retail corridor.
Highlights
Brand new 15-year lease with extension options and multiple guarantors.
Net-leased fee simple ownership with minimal landlord responsibilities.
Outparcel in a Publix-anchored center, located on Interstate 77, a major retail thoroughfare.
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Contacts
Matthew Mousavi
Patrick R. Luther, CCIM
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2182 Cherry Rd, Rock Hill, South Carolina, 29732
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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2182 Cherry Rd
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