Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Multi-Tenant Strip Center in Rock Hill, SC. This 9,543 SF building is 100% occupied by four tenants: Deca Dental, First Watch, Panda Express, and Tropical Smoothie. The asset is well positioned on a main commuter thoroughfare in Rock Hill, SC, a high-growth suburb of Charlotte, NC.
Situated at 2320 Cherry Rd, the 9,543 square foot building has recently signed 4 leases. Deca Dental, First Watch, and Tropical Smoothie Cafe signed 10-year leases, and Panda Express signed a 15-year lease providing the center with 11.2 years of WALT
Investment Highlights
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 responsibility
Brand 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 years
High 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 1
Easily 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 Rd
New Construction
- New construction will limit next owner’s risk to capital repairs during the hold period
- Transferable warranties in place
Photo Gallery
Sales Team
