2320 Cherry RdRock Hill, SC 29732

Property Details for 2320 Cherry Rd

Year built

2024

Lot size

3.63 AC

Property size (Sq ft)

9,543 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a newly constructed, 9,543 square foot multi-tenant retail property located at 2320 Cherry Rd, Rock Hill, SC 29732. The property boasts a strong tenant lineup including Panda Express, First Watch, Deca Dental, and Tropical Cafe, all operating under a triple-net (NNN) lease structure with a corporate guarantee and a remaining lease term of 15 years. The building, constructed in 2024, sits on a 3.63-acre lot and enjoys a prime location in a high-traffic retail corridor with over 32,000 vehicles passing daily. Its convenient access to I-77 (71.9K VPD) further enhances its visibility and accessibility. The property's strategic location within the rapidly growing Charlotte MSA, which experienced significant population and job growth in recent years, ensures long-term stability and potential appreciation. The 100% occupancy rate and a strong 6.35% cap rate, based on a Net Operating Income (NOI) of $391,575, make this a compelling investment opportunity. The property features a fee simple ownership structure and benefits from easily accessible ingress and egress points. Rent bumps vary according to lease agreements. This is a rare chance to acquire a high-quality, multi-tenant retail asset in a thriving market with significant upside potential. The property offers minimal landlord responsibilities due to the NNN lease structure and the long-term lease agreements provide significant stability for the investor.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Latitude

34.9676

Longitude

-80.9952

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