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118 DRUG STORE Street
Cliffside NC 28114 US

$1,200,000

Active Listing ID 4264427
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2.00 Bath (2 Full)
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Lot: 1.31 Acres
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Retail

$1,200,000

Active Listing ID 4264427
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118 DRUG STORE Street 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.

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Property Features

  • Facts
  • Lot Size: 1.31 Acres
  • Property Type: Residential
  • Property Sub-type: Retail
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Corner Lot, Level, Paved
  • Floor Covering: Concrete
  • Roof Type: Metal
  • Heating Fuels: Heat Pump (Heating)

Property

  • propertytype: Residential
  • propertysubtype: Retail
  • listprice: 1200000
  • unparsedaddress: 118 DRUG STORE Street
  • postalcity: Cliffside
  • stateorprovince: NC
  • country: US
  • postalcode: 28114
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.31
  • lotsizeunits: Acres
  • lotsizearea: 1.31
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 35.242045
  • longitude: -81.767578
  • listagentfullname: Donald Peeler
  • listagentemail: donpeelernc@aol.com
  • listagentkey: 3yd-CMLSNC-94757
  • listagentmlsid: 94757
  • listagentpreferredphone: 7049131033
  • listagentofficephone: 7049131033
  • listofficekey: 3yd-CMLSNC-2377
  • listofficemlsid: 2377
  • disclaimer: Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • yearbuilt: 2009
  • listingcontractdate: 2025-05-27
  • listagentfax: 7044877633
  • listagenturl: https://.selectcleveland.com
  • countyorparish: Rutherford
  • parcelnumber: 1646804
  • cooling: Central Air
  • constructionmaterials: Metal
  • flooring: Concrete
  • heating: Heat Pump (Heating)
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 41
  • parkingfeatures: Parking Lot
  • roof: Metal
  • view: City
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bathroom 2, Bathroom 1
  • securityfeatures: Security System
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.76758, 35.242046
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"S&L Realty of Cleveland County LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"donpeelernc@aol.com", "ListBrokerageCity":"Shelby", "ListBrokerageCountry":"US", "ListBrokerageEmail":"selecthomes@selectcleveland.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"S&L Realty of Cleveland County LLC", "ListBrokeragePhone":"(704) 487-7653", "ListBrokeragePostalCode":"28150", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"331 South Lafayette St", "ListBrokerageWebsiteUrl":"https://.selectcleveland.com", "ListOfficeAddress1":"500 W Warren Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"2377", "ListOfficeCity":"Shelby", "ListOfficeCountry":"USA", "ListOfficeEmail":"selecthomes@selectcleveland.com", "ListOfficePostalCode":"28150", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Cliffside, NC", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/118-Drug-Store-St_Mooresboro_NC_28114_M96755-95286?f=listhub&s=CMLSNC&m=4264427&c=rexren", "MLSModificationTimestamp":"2025-10-23 19:16:05", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"DB1006 DP248", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/23/2025 7:46:08 PM GMT
Source Updated Date: 12/8/2025 12:55:19 PM GMT

Courtesy of: Donald Peeler, RE/MAX Select, donpeelernc@aol.com

Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.