1158 Cherry RdRock Hill, SC 29730

Property Details for 1158 Cherry Rd

Lot size

0.65 AC

Property size (Sq ft)

1,893 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional commercial property at 1158 Cherry Rd, Rock Hill, SC 29730, presents a compelling investment opportunity. The 1,893 square foot retail space sits on a 0.647-acre lot and boasts a prime location, just a short distance from Winthrop University and the Winthrop Coliseum. Currently occupied under a Net-Net (NN) lease with a single tenant, the property offers a 5-year lease term commencing November 1, 2023, and expiring October 31, 2028, with a 5% annual rent increase. The asking price is $779,000, representing a 5.26% cap rate based on a Net Operating Income (NOI) of $42,024. The property features 16 parking spaces and benefits from high traffic volume, with 25,840 vehicles passing daily. Built in 2000, the building is zoned GC and the landlord is responsible for roof and structure maintenance. The landlord pays property taxes for the first year. This is a 100% occupied property offering strong potential for long-term growth and passive income. The property's 99-foot frontage on Cherry Rd provides excellent visibility. This is a turnkey investment ready for immediate returns.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Latitude

34.9511

Longitude

-81.0178

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].