118 Drug Store Street, Cliffside, NC 28114
- $1,199,999
- 2
- BA
Listing courtesy of RE/MAX Select. donpeelernc@aol.com
- List Price
- $1,199,999
- MLS#
- 4264427
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 429
- Property Type
- Commercial Sale
- Year Built
- 2009
- Price Change
- ▼ $1 1764118312
- Bathrooms
- 2
- Lot Size
- 57,063
- Lot Size Area
- 1.31
- County
- Rutherford
- Special Conditions
- None
- Waterfront Features
- None
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.
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Additional Information
- Floor Coverings
- Concrete
- Foundation
- Slab
- Heating
- Heat Pump
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Metal
- Roof
- Metal
- Parking
- Parking Lot, Parking Space(s)
- Driveway
- Paved
- Lot Description
- Corner Lot, Level, Open Lot, Paved
- Builder Name
- UNK
Mortgage Calculator
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