2178 Cherry RdRock Hill, SC 29732

Property Details for 2178 Cherry Rd

Year built

2012

Lot size

0.95 AC

Property size (Sq ft)

6,530 SF

Property type

Other commercial real estate

APN

634-07-01-061

APU

6340701061

Description

Exceptional investment opportunity: This fee-simple car wash in Rock Hill, South Carolina, offers a compelling return. The property, built in 2012, boasts 3,246 square feet on a 0.95-acre lot at 2178 Cherry Rd, 29732. It's currently under a 20-year NNN lease with a corporate guarantee, providing significant financial stability. The lease commenced December 28, 2018, and has approximately 14.1 years remaining, with six 5-year renewal options extending the potential lease term to 50 years. The current annual net operating income (NOI) is $415,149, representing a 7.25% cap rate on the $5,726,193 asking price. The lease includes annual rent increases of 1.00%, ensuring consistent growth. This property is eligible for 15-year accelerated depreciation and bonus depreciation, further enhancing its investment appeal. The property's strong tenant, Zips Car Wash, benefits from recent significant investment, adding to its long-term viability. This is a rare opportunity to acquire a high-performing, low-maintenance asset with substantial upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $2,455,942

  Hospitality

  $2,249,629

  Educational

  $1,871,665

  Medical

  $1,936,034

  Retail

  $2,911,479

Location Insight

City

Rock Hill

County

York

State

South Carolina

Latitude

34.9647

Longitude

-80.9986

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].