802 E Liberty St - Freestanding FOR SALE


York, SC 29745
$4,467,000 USD
214-227-8520
802 E Liberty St, York, SC for Sale
$4,467,000 USD
Freestanding - FOR SALE
1/6
null | 6.85% Cap Rate

802 E Liberty St
York, SC 29745


HIGHLIGHTS

  • • Anchor Tenants: Tractor Supply Company and Planet Fitness, both nationally recognized brands with strong customer loyalty and robust credit profiles
  • • Scooter’s Coffee: A 12-year ground lease starting April 2024, providing passive income with no landlord maintenance responsibilities.
  • • Tractor Supply: Recently signed a 10-year extension through December 31, 2034.
  • • Planet Fitness: Operating under a 12-year lease that commenced in May 2021.
  • • Repaved Parking Lot: Offers a fresh, clean appearance and ensures long-term functionality for tenant and customer use.
  • • Located in York County, one of South Carolina’s fastest-growing regions, benefiting from proximity to Charlotte, NC

OVERVIEW

Prime Investment Opportunity • Anchor Tenants: Tractor Supply Company and Planet Fitness, both nationally recognized brands with strong customer loyalty and robust credit profiles. Both leases are corporately guaranteed. Long-Term Leases • Tractor Supply: Recently signed a 10-year extension through December 31, 2034. • Planet Fitness: Operating under a 12-year lease that commenced in May 2021. • Scooter’s Coffee: A 12-year ground lease starting April 2024, providing passive income with no landlord maintenance responsibilities. Minimal Landlord Responsibilities • Triple-Net (NNN) Lease Structure: Tenants reimburse for all operating expenses, including taxes, insurance, and maintenance, except for limited capital expenses related to Tractor Supply and Planet Fitness. • Ground Lease with Scooter’s Coffee: Eliminates landlord obligations, providing fully passive income. Well-Maintained Asset • LED Lighting Upgrades: Improve energy efficiency and enhance the property’s appeal. • Repaved Parking Lot: Offers a fresh, clean appearance and ensures long-term functionality for tenant and customer use. Growing Market Dynamics • Located in York County, one of South Carolina’s fastest-growing regions, benefiting from proximity to Charlotte, NC, and the region’s expanding economy. Steady population growth and a favorable business environment contribute to strong demand for retail and fitness spaces.

FOR SALE DETAILS

PRICE

$4,467,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

138

LAND DETAILS

LAND ACRES

7.83 AC

LAND SF

341,075 SF

ZONING

C

APN/PARCEL ID

0701501021

ASK ABOUT THIS PROPERTY

Evan PooleMatthews Real Estate Investment ServicesMore Info
214-227-8520

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Evan PooleMatthews Real Estate Investment ServicesMore Info
214-227-8520

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