Dollar General Store NNN
For Sale
Under Contract
$1,199,999
118 DRUG STORE Street, Cliffside, NC 28114
SINGLE_FAMILY - Cliffside, NC
Property Size8,865 SF
Lot Size1.31 Acres
Price / SF$135.36
Days on Market435
Property Features for 118 DRUG STORE Street
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
41
Parking features
Parking Lot
Security features
Security System
Lot features
Corner Lot, Level, Open Lot, Paved
View
City
Directions
* CORRECT GPS ADDRESS IS: 118 DRUG STORE STREET, MOORESBORO, NORTH CAROLINA 28114
Standard status
Active Under Contract
APN
1646804
Lot size
1.31 Acres
Taxes and HOA fees
Tax Description
DB1006 DP248
Legal Description
DB1006 DP248
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2009
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Metal
Roof type
Metal
Listing Agency:
RE/MAX Select · RE/MAX International
(704) 487-7653
Listed By:
Donald Peeler · License #122980
(704) 913-1033
Added: May 27, 2025
Changed: Jul 2
Last Checked: Aug 4 at 7:06AM
MLS# 4264427
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully developed Dollar General store is located on a 1.31-acre site and was built in 2009. The property is described as very well maintained and is operated under a corporate-guaranteed NNN lease. The lease term runs until 2055 and includes five-year options through 2055, with 10% increases per option.
The offering is presented as a NNN investment with specified lease payment periods. The annual lease payment is listed as $87,372.00 for years 2025 through 2030, $90,680.40 for years 2030 through 2035, $99,748.44 for years 2035 through 2040, $109,723.32 for years 2040 through 2045, $120,695.64 for years 2045 through 2050, and $132,765.24 for years 2050 through 2055. The listing also states gross annual sales for 2024 were $1,812,232.00.
For buyers seeking a stabilized, long-dated retail net lease, this asset provides a single-tenant Dollar General structure with corporate-guaranteed NNN terms extending to 2055. The listing specifies that at a $1,199,000 purchase price the deal would create a 7.28% cap rate, and it notes total NNN lease payments of $3,081,148.00 over the referenced period.
The offering is presented as a NNN investment with specified lease payment periods. The annual lease payment is listed as $87,372.00 for years 2025 through 2030, $90,680.40 for years 2030 through 2035, $99,748.44 for years 2035 through 2040, $109,723.32 for years 2040 through 2045, $120,695.64 for years 2045 through 2050, and $132,765.24 for years 2050 through 2055. The listing also states gross annual sales for 2024 were $1,812,232.00.
For buyers seeking a stabilized, long-dated retail net lease, this asset provides a single-tenant Dollar General structure with corporate-guaranteed NNN terms extending to 2055. The listing specifies that at a $1,199,000 purchase price the deal would create a 7.28% cap rate, and it notes total NNN lease payments of $3,081,148.00 over the referenced period.
Key Highlights
- Fully developed 1.31‑acre Dollar General store with year built 2009
- Corporate‑guaranteed NNN lease in place until 2055 with #5 5‑year options through 2055 and 10% increases per option
- Central air and heat pump heating; metal roof; metal construction; concrete flooring
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.1k | $17.04 |
| − Vacancy | −$10.9k | −$1.23 |
| EGI | $140.2k | $15.81 |
| − OpEx | −$35.0k | −$3.95 |
| NOI | $105.1k | $11.86 |
8,865 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,137 @ 7.0% cap · market cap 8.76%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,661 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,847 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28114, NC
7,351
Population
3,528
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
88%
High-School Grad
65.6 sq mi
ZIP Area
112
Density / Sq Mi
$60,439
Median Household Income
$41,875
Median Earnings
$707
Median Rent
$132,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding 2009-built Dollar General on a fully developed 1.31-acre site with a corporate-guaranteed NNN lease through 2055.
Where is this grocery and convenience store located?
The property is located at 118 DRUG STORE Street Cliffside, NC.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Fully developed 1.31‑acre Dollar General store with year built 2009; Corporate‑guaranteed NNN lease in place until 2055 with #5 5‑year options through 2055 and 10% increases per option; Central air and heat pump heating; metal roof; metal construction; concrete flooring
