$1,100,000
$1,199,999
8.3%For more information regarding the value of a property, please contact us for a free consultation.
118 DRUG STORE ST Cliffside, NC 28114
2 Baths
1.31 Acres Lot
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4264427
Sold Date 07/29/26
Construction Status Completed
Year Built 2009
Lot Size 1.310 Acres
Acres 1.31
Lot Dimensions 119X236X246X295X59.05
Property Sub-Type Retail
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 *NN 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.
Location
State NC
County Rutherford
Zoning NONE
Interior
Heating Heat Pump
Cooling Central Air
Flooring Concrete
Exterior
Utilities Available Electricity Connected, Satellite Internet Available, Underground Utilities
Waterfront Description None
View City
Roof Type Metal
Street Surface Paved
Accessibility Two or More Access Exits, Bath Grab Bars
Total Parking Spaces 41
Building
Lot Description Corner Lot, Level, Open Lot, Paved
Foundation Slab
Builder Name UNK
Sewer Public Sewer
Water City
Structure Type Metal
New Construction false
Construction Status Completed
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Donald Peeler • RE/MAX Select
