Shops at Cherry Rd 2320 Cherry Rd

2320 Cherry Rd , Rock Hill, South Carolina, 29732 | 9,543 sq.f | $ 6,367,000

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About This Restaurant

Investment Highlights

Attractive Lease Fundametals Highly Visible on Major Retail Corridor Charlotte MSA

Executive Summary

Attractive Lease Fundamentals - All newly signed leases provide 11.2 years of WALT for long term stability for the next investor - Each lease is structured NNN, providing minimal landlord responsibilityBrand Name Tenant Mix - The center includes Deca Dental (200 locations), First Watch (600 locations), Panda Express (2,200 locations) and Tropical Smoothie Cafe (1,235 locations)Charlotte MSA Tailwinds - Charlotte MSA has added more than 135K people form 2020 to 2023, making it the 5th fastest growing city in the Country - Charlotte forecasts a 45.2% job growth over the next 10 yearsHigh Visibility in Major Retail Corridor - More than 32K cars travel Cherry Rd a day - Approximately 0.6 miles to I-77 (71.9K VPD) - Over 1.7MSF of retail located in a 1-mile radius with 1Easily Accessible Location - Cross access with adjacent center?s parking lot providing three points of ingress and egress, two on Cherry Rd and one on Anderson Rd (20K VPD) - Site is located on the corner of a lighted intersection of Cherry RdNew Construction - New construction will limit next owner?s risk to capital repairs during the hold period - Transferable warranties in place

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
  • Building Size    9,543
  • Year Built    2024
  • Price    6,367,000
  • Price Per SF    667
  • Cap Rate    6.15
  • NOI    391,575
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    3.63 AC

Nearby Amenities & Transportation

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Date Created: 2024-07-16 04:23:36 Last Updated: 2024-07-16 04:23:36
Address: 2320 Cherry Rd , Rock Hill, South Carolina, 29732