Former Kerr Drug in Cherryville, NC Sold

Morgan Property Group, LLC is pleased to announce the sale of a former Kerr Drug near the intersection of E. Main Street & S. Jacob Street in Cherryville, NC, located northwestern Gaston County.

This 0.91 acre property with 6,732 sq.ft. building was acquired by Walgreens of NC, Inc. in November 2013 as part of the company’s acquisition of all Kerr Drug assets.  On September 8, 2014, the property was sold to Don Beam for $110,000.  John Wilson and General Realty Partners, LLC, the NC brokerage arm of Morgan Property Group, represented the Seller in the transaction.

For over thirty-seven years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping center and single-tenant retail projects for repeat clients such as Walgreens, Publix, 7-Eleven, and McDonalds. The company and its affiliates are developing multiple retail, mixed use, and medical development projects throughout the Mid-Atlantic and Southeast.  To find out more, follow Morgan Property Group on Facebook and Twitter @MPG_Development or visit our website at