1379 McDow Drive is a 138,474 RSF multi-tenant industrial and flex property in Rock Hill's supply-constrained I-77 corridor — 2.1 miles from the interstate and 17 miles from Charlotte Douglas. Comprehensively renovated in 2025 with a new TPO roof, epoxy flooring, LED lighting, and upgraded dock packages, the building is stabilizing with projected NOI of $1,200,000 on a diversified NNN rent roll with a 5.89-year WALT.
At $14,500,000 ($104/SF), the asset offers a 140-basis-point premium to the 6.9% submarket market cap rate — with the entire rent roll sitting 31% below market. Flex tenants average $7.83/SF against a CoStar market rate of $16.82/SF in a segment with just 3.7% vacancy and no new competing product being built profitably. As leases roll between 2027 and 2031, a buyer re-leasing to market rates captures meaningful upside in one of Charlotte's most supply-constrained industrial corridors — with no additional capital required in a building that has already been fully renovated.
Offering Memorandum available upon request. Contact or call the listing agents to learn more.