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Mavis Tires & Brakes 724 Cherry Rd 6,850 SF Retail Building Rock Hill, SC 29732 $3,642,053 CAD ($531.69 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Excellent Frontage on Cherry Rd
- Proximity to Winthrop University
- Excellent Demographics with Strong Growth Trends
Executive Summary
Surmount is pleased to present the exclusive listing for a Mavis Tires & Brakes located at 724 Cherry Road, Rock Hill, SC 29732. The site consists of roughly 6,850 rentable square feet of building space on an estimated .66-acre parcel of land. Mavis Tires & Brakes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $150,000 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,850 SF
Building Class
C
Year Built
1965
Price
$3,642,053 CAD
Price Per SF
$531.69 CAD
Cap Rate
5.75%
NOI
$209,418 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.66 AC
Zoning
GC - General Commercial
Frontage
93’ on Cherry Rd
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6290902020 | Improvements Assessment | $47,303 CAD |
| Land Assessment | $20,439 CAD | Total Assessment | $67,743 CAD |
Property Taxes
Parcel Number
6290902020
Land Assessment
$20,439 CAD
Improvements Assessment
$47,303 CAD
Total Assessment
$67,743 CAD
Contacts
-
Matthew Anuszkiewicz -
Robert Stein -
John McHugh -
Glen Kunofsky -
Christopher Marks -
Surmount
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Mavis Tires & Brakes | 724 Cherry Rd
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