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More details for 2182 Cherry Rd, Rock Hill, SC - Retail for Sale

Gold's Gym | New 15yr NN w/ Increases - 2182 Cherry Rd

Rock Hill, SC 29730

  • NNN Property
  • Retail for Sale
  • $7,808,752 CAD
  • 32,000 SF

Rock Hill Retail for Sale - York County

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Gold’s Gym investment property located in Rock Hill, South Carolina. The tenant, Rock Hill Fitness Group, Inc., doing business as Gold’s Gym, has approximately 15 years remaining on its lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 1.25% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. No annual increases occur from 8/1/2036 to 7/31/2039. The lease is guaranteed by 3 additional entities which includes 20 units total (12 gyms and 8 dental practices). The lease is NN with landlord responsibilities limited to maintaining the roof and structure.

Contact:

SRS National Net Lease

Property Subtype:

Freestanding

Date on Market:

2024-08-23
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