118 Drug Store Street,Cliffside, NC 28114
Cliffside, NC 28114
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 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.
Details
| MLS # | 4264427 |
|---|---|
| Listing Type | For Lease |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2009 |
| Days On Site | 23 |
| Listing Provided By | RE/MAX Select | Donald Peeler |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 8,865 |
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 1.31 |
| Water Front | Yes |
| Property View | City |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Heat Pump |
Exterior
| Roof | Metal |
|---|---|
| Security Features | Security System |
| Construction Materials | Metal |
| Foundation Details | Slab |
| Lot Features | Corner Lot, Level, Open Lot, Paved |
Parking
| Parking Features | Parking Lot, Parking Space(s) |
|---|
Utilities
| Utilities | Electricity Connected, Satellite Internet Available, Underground Utilities |
|---|
Other
| List Aor | Cleveland County Association of Realtors |
|---|
Taxes
| Property | 853400 |
|---|
Market Activity 28114
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Learn More About This Property
| State | NC |
|---|---|
| County | Rutherford |
| City | Cliffside |
| Zip Code | 28114 |
| Area | Rutherford |
| Listing VS Median (in 28114) | |
Price: $1,500,000 low | high Med: $235,000 SqFt: 8,865 low | high Med: 1,260 $ / SqFt: $169 low | high Med: $187 On site: 23 low | high Med: 120.000000 | |
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Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of June 19, 2025 at 6:01:58 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
