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118 Drug Store Street, Cliffside, NC 28114

$1,199,999
SAVE TOUR PROPERTY
  • 118 Drug Store Street, Cliffside, NC 28114 Main Photo

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Active
MLS#4264427
STATUSActive PROPERTY TYPECommercial - Retail
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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 2055 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 $1,199,000 Purchase Price will create a 7.28% Cap Rate *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.

118 Drug Store Street | MLS# 4264427

This commercial property located at 118 Drug Store Street, Cliffside, NC 28114 is currently listed for sale with an asking price of $1,199,999. Search Cliffside real estate on ericm.lakenormanrealty.com today.

Property Features

Property Type: Commercial - Retail
Heating: Heat Pump
Lot Size: 1.31 Acres
Roof Type: Metal
Year Built: 2009

Feature Descriptions

Accessibility Features: Two or More Access Exits, Bath Grab Bars
Building Features: Delivery Door
Days on Site: 290
Exterior: Metal
Flood Plain: No
Flooring: Concrete
Foundation: Slab
Lot: Corner Lot, Level, Open Lot, Paved
Lot Dimensions: 119X236X246X295X59.05
Other Parking: #39 PARKING SPACES WITH #2 HANDICAPPED PARKING SPACES AT FRONT OF STORE
Other Structures: None
Parcel#: 1646804
Parking: Parking Lot, Parking Space(s)
Security: Security System
Security: yes
Sewer: Public Sewer
Special View Info: City
Units: 1
Utilities: Electricity Connected, Satellite Internet Available, Underground Utilities
Water: City

Listed By / Shown By

Listed By

Agency Name: RE/MAX Select
Agency Contact: donpeelernc@aol.com

Shown By

Agent Name: Eric McCauley
Agent Phone: (704) 754-3796
Agency Title: Lake Norman Realty

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Mooresville Sales 522 River Highway
Mailing PO Box 5656
Mooresville, NC 28117
Eric McCauley
(704) 754-3796
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/13/2026. The listing information on this page last changed on 03/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/13/2026 4:53:32 AM EST) or Canopy MLS (last updated Fri 03/13/2026 12:27:39 AM EST) or Triad MLS (last updated Thu 03/12/2026 11:40:20 PM EST). Real estate listings held by brokerage firms other than Lake Norman Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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.” Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.

Listings courtesy of Canopy MLS as distributed by MLS GRID.

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