1179 Galleria Blvd - Warehouse FOR SALE


Rock Hill, SC 29730 | 
$10,790,000 USD
980-498-3293
1179 Galleria Blvd, Rock Hill, SC for Sale
$10,790,000 USD
Warehouse - FOR SALE
1/7
null | 5.75% Cap Rate

1179 Galleria Blvd
Rock Hill, SC 29730


HIGHLIGHTS

  • 15-Year Absolute NNN Lease (Zero Landlord Responsibilities)
  • 10% Rent Increases Every Five Years (1.92% Annualized)
  • Four (4) Five-Year Extension Options

OVERVIEW

15-Year Absolute NNN Lease (Zero Landlord Responsibilities) 10% Rent Increases Every Five Years (1.92% Annualized) Four (4) Five-Year Extension Options Long-Term Compounding Income Growth Guaranteed by Goodwill Industries of the Southern Piedmont, Inc. 40+ Locations Across the Southeast $85M+ in Revenue | 1,200+ Employees Established Affiliate of National Goodwill Network Over 1.9M SF of Industrial Space Within 1 Mile 0% Vacancy Within 1-Mile Radius Adjacent to Major Users: Ross Distribution, Pepsi, UPS, AXIAL Southgate, West Marine Newly Constructed Modern Industrial Facility 25' Clear Heights LED Lighting Throughout Designed for Distribution + Retail Efficiency High Replacement Cost Relative to Current Basis 40,000 SF Warehouse + 10,000 SF Retail Component Six (6) Dock-High Doors with Levelers + One (1) Drive-In Door Dedicated Trailer Parking Area with 40 Spaces (Rare IOS Component) Less Than 1.5 Miles to I-77 (76,400 VPD) Direct Access to Charlotte MSA and Port of Charleston Logistics Routes #2 Most Active Charlotte Submarket in 2024 (By Volume) 16.3M SF Leased in Charlotte MSA (2024) 13% of Leasing Activity Occurred in Rock Hill Top Submarket by Percentage of Inventory Absorption

FOR SALE DETAILS

PRICE

$10,790,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AXIAL Southgate 77

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

25 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11

LAND SF

479,160

ZONING

I2

APN/PARCEL ID

6690401045

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.