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    12604 Maccorkle Ave Chesapeake, WV 25315

    Sponsored
    For Sale
    $1,030,300

    High-Yield Retail Property in WV

    Property size:
    11,692 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a 11,692 square foot Dollar General store located at 12604 MacCorkle Ave SE, Chesapeake, WV 25315. Built in 1969 and upgraded, the property sits on a 0.76-acre lot and boasts a strong 8.25% cap rate, generating a net operating income (NOI) of $85,000. The property benefits from a corporate-guaranteed, single-tenant lease with Dollar General, providing stability and security. The current lease, commenced April 18, 2019, has a remaining term of approximately 4.4 years, expiring April 30, 2029. The asking price is $1,030,300, translating to a price per square foot of $88.12. The store's location, 13 miles from downtown Charleston, WV, provides access to a substantial market of over 266,000 residents within the largest MSA in West Virginia. Furthermore, its proximity to the West Virginia Turnpike, with daily traffic exceeding 32,000 vehicles, ensures high visibility and accessibility. The tenant is responsible for HVAC maintenance and replacement. This is a prime retail investment with a strong tenant, excellent location, and significant upside potential. The property is 100% occupied.

    Property Features for 12604 Maccorkle Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,692 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    1969
    Buildings
    1

    HighLights

    • Fee‑simple ownership of an 11,692 SF Dollar General store in Chesapeake, WV.
    • Strong 8.25% cap rate with $85,000 NOI.
    • Corporate‑guaranteed, single‑tenant lease with approximately 4.4 years remaining.
    • Asking price: $1,030,300 ($88.12/SF).
    • Located 13 miles from downtown Charleston, WV, in a high‑traffic area near the West Virginia Turnpike.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service FedEx OnSite Mailing Service

    Suggested Use

    Law Firm Restaurant Dental Office Building Supply Auto Repair Shop Accounting Firm Daycare Center Department Store Grocery Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesapeake
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.5349153
    Latitude
    38.2229289

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property in WV
    Where is this individual retail property located?
    The property is located at 12604 Maccorkle Ave Chesapeake, WV.
    What is the asking price?
    The asking price for this property is $1,030,300.
    What are key features of this property?
    This property features: Fee-simple ownership of an 11,692 SF Dollar General store in Chesapeake, WV.; Strong 8.25% cap rate with $85,000 NOI.; Corporate-guaranteed, single-tenant lease with approximately 4.4 years remaining.
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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
    12604 Maccorkle Ave Chesapeake, WV 25315
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