118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
SEE ALL PHOTOS
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
118 DRUG STORE Street
For Sale

118 DRUG STORE Street

118 DRUG STORE Street, Cliffside, NC 28114

$1,500,000
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.

2
baths

8,865 Sq.Ft. LIVING AREA

1.31 Acres lot

Features & Amenities

Interior

  • Total bathrooms2
  • Flooring Concrete

Area & Lot

  • Status For Sale
  • Living Area8,865 Sq.Ft.
  • Lot Area1.31 Acres
  • MLS® ID4264427
  • TypeCommercial
  • YEAR BUILT2009
  • Water FrontageNone
  • View DescriptionCity

Exterior

  • STORIES1
  • water SourceCity
  • utilitiesElectricity Connected, Satellite Internet Available, Underground Utilities
  • roofMetal
  • lot featuresCorner Lot, Level, Open Lot, Paved
  • parkingParking Lot, Parking Space(s)
  • HEAT TYPEHeat Pump
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureSlab
  • Disability FeaturesTwo or More Access Exits, Bath Grab Bars
  • security FeaturesSecurity System

Financial

  • Sales Price$1,500,000

Work With Lisa

I'm passionate about helping my clients sell their homes and buyers find their dream homes. It’s not about the sale that makes me happy, it’s knowing I have made a difference in my clients lives by finding their dream home or selling their home.

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Lisa Borders

Phone

(704) 477-8592

Email

[email protected]

Address

500 W Warren Street Shelby, NC 28150

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