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1379 McDow Dr 138,474 SF 90% Leased Industrial Building Rock Hill, SC 29732 $14,500,000 ($104.71/SF) 8% Cap Rate
Investment Highlights
- Fully renovated in 2025, 1379 McDow Drive is a partially leased turnkey industrial facility with efficient warehouse and high-quality office space.
- Fenced industrial outdoor storage (IOS) and laydown yard available with additional acreage to expand the outside storage capacity.
- Located in the thriving Rock Hill submarket, which saw industrial rents increase by 6% year over year as of Q4 2025 (CoStar).
- Supports industrial use with 17 dock-high doors, 4 drive-ins, 16 to 20' clear heights, 10,000-amp & 3-phase power, HVAC readiness, and new finishes.
- Situated on a 15-acre site with new asphalt, ample parking, and strong access to labor, logistics, and nearby retail along Cherry Road.
- Approximately 3 miles to Interstate 77, and transporters can reach Charlotte Airport in 35 minutes or as far as Atlanta in four hours.
Executive Summary
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.
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.
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Storage Space
- Perimeter Security Fence
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Charlotte
872,498
24
0 h 36 m
Jacksonville
903,889
358
6 h 41 m
Washington
702,455
422
8 h 13 m
Columbus
892,533
451
8 h 48 m
Philadelphia
1,584,138
562
11 h 16 m
Indianapolis
867,125
572
11 h 18 m
Access and Labor Force
10 Miles
Total Population
253,765
Total Labor Force
151,543
Unemployment Rate
3.83%
Median Household Income
$93,343
Warehouse Employees
28,823
High School Education Or Higher
93.60%
Property Taxes
| Parcel Numbers | Improvements Assessment | $276,720 | |
| Land Assessment | $19,080 | Total Assessment | $295,800 |
Property Taxes
Parcel Numbers
Land Assessment
$19,080
Improvements Assessment
$276,720
Total Assessment
$295,800
Contacts
-
Brody Sullivan -
Alex Bannerman -
Michael O'Neill Jr. -
Connor Shields -
Preferred Investments
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1379 McDow Dr
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