118 DRUG STORE Street, Cliffside, NC 28114
- 2 baths |
- 8,865 sqft
Commercial Property
Built in 2009
1.31acre lot
—— car garage
$169/sqft
Listed 1 month ago
Property Description
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 2030 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 $1.5 Million Purchase Price will create a 5.8% Cap Rate Years 2025 through 2030 with an AVERAGE CAP Rate of 6.8% for the entire 28.6 Years Lease Period REMANING AS FOLLOWS: *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.
- Listing Status:
- Active
- Listing Office:
- RE/MAX Select : 704-487-7653
- MLS ID:
- 4264427

- Flooring: Concrete
- A/C: Central Air
- Heating: Heat Pump
This listing courtesy of RE/MAX Select
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Cliffside Elementary School
4016 US Hwy 221-A, Cliffside, NC, 28024
Grades KG-5
0.34 miles away
Chase Middle School
840 Chase High Rd, Forest City, NC, 28043
Grades 6-8
4.84 miles away
Chase High School
1603 Chase High Rd, Forest City, NC, 28043
Grades 9-12
4.28 miles away