LA Fitness: Rock Hill, SC
38,000 SF | Retail Building | Rock Hill, SC 29732 | $8,320,258 ($219/SF) | 7.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,320,258
- Property Type
-
Retail, Health Care
- Square Feet
- 38,000 SF
- Price / Square Foot
- $219
Listing Contacts
Christopher Bosworth
Verified Profile
Brian Pfohl
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Thomas Carr
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Leah Lindell
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Kaitlyn Wolf
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Abby Kelly
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Mike Burkard
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- Property Info
Property Overview
CBRE is pleased to exclusively offer for sale the 38,000-square-foot LA Fitness situated on 5.23 acres in Rock Hill, South Carolina—a component of the Charlotte-Concord-Gastonia, NC-SC (MSA Population: 2.7M). LA Fitness’ net lease was extended through 2034 and now features ±10 years of primary term with 10% rent increases in 2026 and in each of the three, 5-year renewal options. By visits, this LA Fitness location ranks among the top 17% of all fitness centers locally (15 miles), the top 15% in South Carolina and top 21% nationwide, according to Placer.ai. During 2022, the club experienced a 54% increase in visits compared to 2021.
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 1
- Lot Size (sq. ft)
- 231,304 SF
Highlights
- LA Fitness’ net lease was extended through 2034 and now features ±10 years of primary term.
- 10% rent increases in 2026, and in the three, 5-year renewal options.
- This LA Fitness location ranks among the top 17% of all fitness centers locally (15 miles), the top 15% in South Carolina and top 21% nationwide.
- Positioned roughly 21 miles southwest of downtown Charlotte, the property is located along Arden Lane, right off Herlong Avenue (23,400 VPD).
- Less than 4 miles from Interstate 77 (114,400 VPD).
- Anchor to the +/- 184,000 SF Millwood Shopping Center.
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