
Cliffside, NC118 Drug Store Street
Price$1,199,999
MLS Number CAR4264427
- Commercial
- Property SubType RETAIL
- Square Feet 8,865
- Acreage 1.31
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.
Listed by Donald Peeler of RE/MAX Select











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