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Undisclosed Address in Cliffside, NC 28114
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$1,500,000
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Home Details
Price
$1,500,000
Type
Commercial/Industrial
Total Bathrooms
2
Year Build
2009
County
Rutherford
MLS®️ Listing#
4264427
On exitrealty.com
177 days
Property 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.
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Listing Courtesy: RE/MAX Select - donpeelernc@aol.com
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.Last Updated: 2025-10-09 10:00:21
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