MLS#4264427
STATUSActive
PROPERTY TYPECommercial - 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 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.
Property Features
Property Type: Commercial - Retail
Heating: Heat Pump
Lot Size: 1.31 Acres
Roof Type: Metal
Year Built: 2009
Feature Descriptions
Accessibility Features: Two or More Access Exits, Bath Grab Bars
Building Features: Delivery Door
Days on Site: 326
Exterior: Metal
Flood Plain: No
Flooring: Concrete
Foundation: Slab
Lot: Corner Lot, Level, Open Lot, Paved
Lot Dimensions: 119X236X246X295X59.05
Other Parking: #39 PARKING SPACES WITH #2 HANDICAPPED PARKING SPACES AT FRONT OF STORE
Other Structures: None
Parcel#: 1646804
Parking: Parking Lot, Parking Space(s)
Security: Security System
Security: yes
Sewer: Public Sewer
Special View Info: City
Units: 1
Utilities: Electricity Connected, Satellite Internet Available, Underground Utilities
Water: City
Listed By / Shown By
Listed By
Agency Name: RE/MAX Select
Agency Contact: donpeelernc@aol.com
Shown By
Agent Name: Lisa C Newell
Agent Phone: (704) 230-8082
Agency Title: Lake Norman Realty
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118 Drug Store Street | MLS# 4264427
This commercial property located at 118 Drug Store Street, Cliffside, NC 28114 is currently listed for sale with an asking price of $1,199,999. Search Cliffside real estate on lisan.lakenormanrealty.com today.