118 DRUG STORE ST Cliffside NC 28024

Public Remarks

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 at end of Year 2055.

• ACTUAL NOI = $87,372 Years 1 - 5, AVERAGE NOI FOR YEARS 2030 THROUGH 2055 IS HIGHER

• Please contact listing agent Don L. Peeler at: [email protected] for all communications

• HI-VISIBILITY

• HI-TRAFFIC @ 6-WAY INTERSECTION

• PROVEN HI-ANNUAL SALES ( $1,812,232.00 YEAR 2024 )

• VERY CLEAN, WELL MAINTAINED AND MANAGED PROPERTY

• THESE HIGHLIGHTS PROVE TO BE VERY VALUABLE TO CUSTOMERS LOOKING FOR CONVENIENT GROCERY AND RETAIL ITEMS WITHOUT SACRIFICING TIME AND TRAVEL TO ANOTHER RETAILER MILES AWAY