Boiling Springs NNN Properties For Sale

More details for 118 Drugstore Rd, Cliffside, NC - Retail for Sale

DOLLAR GENERAL NNN LEASED - 118 Drugstore Rd

Cliffside, NC 28024

NNN Property
Retail for Sale
$2,766,779 CAD
8,865 SF

Air Conditioning
Security System
Smoke Detector

Cliffside Retail for Sale

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. Agent Remarks *** VERY CLEAN, WELL MAINTAINED, HIGH VISIBILITY, CORNER LOCATION DG STORE LOCATED IN RURAL CLIFFSIDE, NORTH CAROLINA LOCATION. *PLEASE CONTACT LISTING AGENT DON L. PEELER FOR SHOWING INSTRUCTIONS AT 704-913-1033 DIRECT CELL NUMBER. *SEE SURVEY ATTACHED IN "DOCUMENTS SECTION"

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Property Subtype:

Freestanding

Date on Market:

2025-05-29

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Cliffside Retail for Sale

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