118 DRUG STORE Street, Cliffside, NC 28114

$1,199,999
$1,199,000

Description

1.31 ACRE FULLY DEVELOPED #8865 Square Foot VERY WELL MAINTAINED DOLLAR GENERAL STORE LOCATED CLIFFSIDE, NORTH OLINA,(MOORESBORO ADDRESS) Built Year 2009 WITH CORPORATE GUARANTEED NNN LEASE UNTIL YEAR 2055 WITH #5 – 5 Year Options until Year 2055 WITH 10% INCREASES PER OPTION. *This is a VERY HIGH ANNUAL SALES DG STORE ; GROSS ANNUAL SALES FOR YEAR 2024 WERE $1,812,232.00
* AT A $1,199,000 Purchase Price will create a 7.28% Cap Rate
*YEARS 2025 THROUGH 2030 ANNUAL LEASE PAYMENT = $87,372.00
YEARS 2030 THROUGH 2035 ANNUAL LEASE PAYMENT = $90,680.40
YEARS 2035 THROUGH 2040 ANNUAL LEASE PAYMENT = $99,748.44
YEARS 2040 THROUGH 2045 ANNUAL LEASE PAYMENT = $109,723.32
YEARS 2045 THROUGH 2050 ANNUAL LEASE PAYMENT = $120,695.64
YEARS 2050 THROUGH 2055 ANNUAL LEASE PAYMENT = $132,765.24
*This property will have generated $3,081,148.00 in NNN Lease Payments.

Address

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Address: 118 DRUG STORE Street
City: Cliffside
State/county: NC
Zip/Postal Code: 28114

Details

Updated on December 9, 2025 at 6:55 pm

Property ID 4264427
Price $1,199,999
Property Size 8865 m²
Bathrooms 2
Garage Size x x
Year Built 2009
Property Type Retail, Commercial Sale
Property Status Active, For Sale

Additional details

Listing Terms Cash,Conventional
Roof Metal
Utilities Electricity Connected,Satellite Internet Available,Underground Utilities
Sewer Public Sewer
Cooling Central Air
Heating Heat Pump
Flooring Concrete
County Rutherford
Property Type Commercial Sale
Parking Parking Lot,Parking Space(s)
Waterfront None