Listed by Southern Commercial Real Estate, LLC
$1,100,000
Oakland Avenue Retail
Details
Property Type Retail
Sub Type Storefront
Square Footage 8,500
Cap Rate 5.46%
NOI $60,020
Occupancy 100%
Tenancy Multi
Lease Expiration 07/31/2027
Remaining Term 1.1
Year Built 1966
Buildings 2
Investment Type Value Add
Lease Commencement 02/03/2017
Investment Retail Value Add in Rock Hill, SC
Marketing description
Introducing a prime investment opportunity in the heart of Rock Hill, SC. This 8,500 SF property, comprised of two leased commercial/retail buildings. Desirable location near Winthrop University and zoned GC, this property is perfectly positioned in the Charlotte Metro area. With 1013 Oakland offering 3,500 SF and 1017 Oakland providing 5,000 SF, this 1966-built property presents an attractive combination of stability and future potential for a savvy retail investor.
Investment highlights
2 leased commercial/retail buildings on Oakland Avenue near Winthrop University
1013 Oakland =3,500 SF & 1017 Oakland =5,000 SF
Long term Tenants
Below market rents with opportunity for increases at renewals or Tenant replacement
Listing Contacts
Listed by Southern Commercial Real Estate, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,020.00
$5,001.67/mo
Valuation Metrics
0
DSCR
5.46%
Cap Rate
5.46%
ROI
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