For Sale
$755,000

1010 White StRock Hill, SC 29730

High-yield industrial warehouse, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,436-square-foot warehouse located at 1010 E White St, Rock Hill, SC 29730. The property, built in 1975, sits on a 0.278-acre lot and is zoned IG. Currently 100% occupied by STR Mechanical under a Net Lease agreement, the property boasts a strong 7.20% cap rate with a NOI of $54,360. The lease, initiated October 1, 2021, extends to November 30, 2027, with two 2-year renewal options, each including a 5% annual rent increase. The single-story building features three dock-high doors and one grade-level door, along with individual offices, a reception/showroom area, and ample warehouse space. This is a prime investment opportunity in a thriving location, offering a secure, long-term lease with significant upside potential. The property's features include a single unit, one building, and is situated in York County.

Highlights

  • 5,436 SF warehouse on a 0.278-acre lot at 1010 E White St, Rock Hill, SC 29730.
  • Built in 1975, zoned IG.
  • 100% occupied by STR Mechanical under a Net Lease through November 30, 2027, with two 2-year renewal options at 5% annual rent increases.
  • 7.20% cap rate with a $54,360 NOI.
  • Features three dock-high doors, one grade-level door, offices, reception/showroom, and ample warehouse space.

Property Details for 1010 White St

Property type
Warehouses, Industrial properties
Square Feet
5,436 SF
Year Built
1975
Buildings
1
Stories
1
Lot Size (sq. ft)
12,110 SF
Units
1

Location Insight

City
Rock Hill
County
York
State
South Carolina
Latitude
34.9189028
Longitude
-81.0100044
1010 White St, Rock Hill, South Carolina

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1010 White St
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