1.31 ACRE FULLY DEVELOPED #8865 Square Foot VERY WELL MAINTAINED DOLLAR GENERAL STORE LOCATED CLIFFSIDE, NORTH OLINA,(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.
Property Description
Features
: Heat Pump
: Central Air
: Metal
: 41
: Parking Lot, Parking Space(s)
: Concrete
Public Sewer
: Level, Paved, Corner Lot, Open Lot
: Two Or More Access Exits, Bath Grab Bars
Address Map
US
NC
Rutherford
Cliffside
28114
DRUG STORE
118
Street
0
W82° 13' 56.7''
N35° 14' 31.4''
* CORRECT GPS ADDRESS IS: 118 DRUG STORE STREET, MOORESBORO, NORTH OLINA 28114
Additional Information
: City
1646804
: Slab
NONE
MLS Information
RE/MAX Select
2377
Donald Peeler
94757
704-913-1033
0 Bedrooms
2 Bathrooms
0 Sqft
$1,500,000
Listing ID #4264427
Basic Details
Property Type : Commercial Sale
Property SubType : Retail
Listing Type : For Sale
Listing ID : 4264427
Price : $1,500,000
View : City
Bedrooms : 0
Bathrooms : 2
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 2009
Lot Area : 1.31 Acre
Lot Size SqFt : 0 Sqft
Status : Active
MLS Status : Active
Days On Market : 1
