1260 Main St Rock HlRock Hill, SC 29730

Property Details for 1260 Main St Rock Hl

Year built

1999

Lot size

3.38 AC

Property size (Sq ft)

39,625 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 39,625 square foot Food Lion grocery store in Rock Hill, South Carolina. Located on a 3.38-acre lot at 1260 E Main Street, this single-story building boasts a 6.25% cap rate and a strong NOI of $290,864. The property features a corporate-guaranteed lease with Food Lion, a dominant grocer in the market, with a remaining lease term of approximately 0.8 years, expiring September 12, 2025, and includes two five-year renewal options with 10% rent increases each. Built in 1999, the property is 100% occupied since December 2, 1982, and benefits from a convenient location on a major thoroughfare with high visibility. The property also includes a Bank of America drive-thru ATM. Landlord responsibilities include exterior and roof maintenance. This asset presents a compelling investment opportunity, particularly given its location near Charlotte, NC's MSA, and the presence of other national retailers in the immediate vicinity, including Walgreens, Dollar General, AutoZone, and O'Reilly Auto Parts, along with several quick-service restaurants. The asking price is $4,653,820, translating to a price per square foot of $117.45. The property is offered as a net lease investment.

Location Insight

City

Rock Hill

County

York

State

South Carolina

Latitude

34.9146

Longitude

-81.0024

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