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    118 Drug Store St Mooresboro, NC 28114

    New
    For Sale
    $1,199,999

    SINGLE_FAMILY - Cliffside, NC

    Type:Retail
    Lot size:
    1.31 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 118 Drug Store St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security System
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    1646804
    Parking
    41
    Parking features
    Parking Lot
    Lot size
    1.31 Acres

    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

    S&L Realty of Cleveland County LLC (704) 487-7653 [email protected]

    Listing agent Donald Peeler (704) 913-1033

    Listing date Dec 9, 2025

    MLS# 4264427 Listing URL

    Copyright © 2025 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.

    Overview

    Cliffside Dollar General Investment Opportunity

    This is a well-maintained Dollar General store located in Cliffside, North Carolina. Constructed in 2009, the property includes a corporate-guaranteed NNN lease extending to 2055, with five 5-year options to renew until 2055, each including 10% rent increases. The store is situated on a 1.31-acre fully developed lot. The gross annual sales for the year 2024 were $1,812,232. The building size is 8865 square feet. The annual lease payment from 2025 through 2030 is $87,372.00. From 2030 through 2035, the annual lease payment is $90,680.40. The annual lease payment from 2035 through 2040 is $99,748.44. From 2040 through 2045, the annual lease payment is $109,723.32. The annual lease payment from 2045 through 2050 is $120,695.64. From 2050 through 2055, the annual lease payment is $132,765.24. This property is projected to generate $3,081,148.00 in NNN lease payments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service

    Map

    City
    Mooresboro
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.767578
    Latitude
    35.242045

    Nearby Similar for Sale

    • $375,000
      25.80 Acres

      Mooresboro Industrial Property - 25 Acres

      Massive building, river frontage, Hwy 221A access.
      2138 Us 221A Hwy, Mooresboro, NC 28114
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Well-maintained Dollar General with corporate lease and high annual sales.
    Where is this grocery and convenience store located?
    The property is located at 118 Drug Store St Mooresboro, 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: - Corporate guaranteed NNN lease until 2055 with options and increases.; - Very high annual sales Dollar General store; 2024 gross sales were $1,812,232.00.; - **Priced at $1,199,000 creating a 7.28% Cap Rate.**
    (704) 913-1033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Drug Store St Mooresboro, NC 28114
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