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Ruby Tuesday 1410 Old Springdale Rd 5,610 SF Retail Building Rock Hill, SC 29730 $3,400,000 ($606.06/SF) 5.98% Cap Rate
Investment Highlights
- Trophy Location: The Property offers a rare opportunity to enter one of Rock Hill’s most sought-after retail corridors
- Strong Traffic Counts: Positioned on the hard, signalized corner of Dave Lyle Blvd and Galleria Blvd
- Charlotte, NC MSA: Rock Hill is a rapidly growing suburb within the Charlotte MSA, located just 30 minutes south of downtown Charlotte
- Early 5-Year Extension: The tenant has proactively exercised an early 5-year lease extension, demonstrating strong commitment to the site
- Built-In Rent Growth: The lease structure includes 2% annual rent increases, providing predictable income growth and enhancing long-term cash flow
- Strong Population Growth: Rock Hill has experienced steady population growth over the past decade, driven by its proximity to Charlotte
Executive Summary
Broker of Record
Kyle Matthews
License # License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,610 SF
Building Class
C
Year Built
2000
Price
$3,400,000
Price Per SF
$606.06
Cap Rate
5.98%
NOI
$203,320
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.83 AC
Zoning
CC - Community Commercial
Parking
64 Spaces (11.41 Spaces per 1,000 SF Leased)
Frontage
284’ on Dave Lyle Blvd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6670101070 | Improvements Assessment | $0 |
| Land Assessment | $30,240 | Total Assessment | $30,240 |
Property Taxes
Parcel Number
6670101070
Land Assessment
$30,240
Improvements Assessment
$0
Total Assessment
$30,240
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Ruby Tuesday | 1410 Old Springdale Rd
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