Courtesy of: Donald Peeler, RE/MAX Select, donpeelernc@aol.com
Courtesy of: Donald Peeler, RE/MAX Select, donpeelernc@aol.com
$1,200,000
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2.00 Bath (2 Full)
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Lot: 1.31 Acres
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Retail
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$1,200,000
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.
Courtesy of: Donald Peeler, RE/MAX Select, donpeelernc@aol.com
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