+11 more
/ 16
+6
$1,199,999
2 ba
118 DRUG STORE Street
Cliffside, NC 28114
Active
194 days on market
Property Type
Commercial Sale
Year Built
2009
Lot Size
—
Garage
—
About This Home
1.31 ACRE FULLY DEVELOPED #8865 Square Foot VERY WELL MAINTAINED DOLLAR GENERAL STORE LOCATED CLIFFSIDE, NORTH CAROLINA,(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.
* 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.
Property Details
Interior
- Bathrooms
- 2
- Stories
- 1
Exterior & Lot
- Year Built
- 2009
Location
- County
- Rutherford
- ZIP Code
- 28114
Financial
- Listing Terms
- Cash, Conventional
Utilities
- Utilities
- Electricity Connected, Satellite Internet Available, Underground Utilities
- Sewer
- Public Sewer
Schools
Lot Features
Corner Lot, Level, Open Lot, Paved
Location
Listing Information
- MLS #
- CAR4264427
- Listing Agent
- Donald Peeler
- Listing Office
- RE/MAX Select
- Listed Date
- Mar 15, 2026
Contact Rhonda Moore About This Property
Interested in 118 DRUG STORE Street? Send us a message and we'll get back to you.