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12604 Maccorkle Ave Chesapeake, WV 25315

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High-Yield Retail Property in WV

Property size:
11,692 SF

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

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Listing Contact
Brian Brockman
Brian Brockman

Listing Agency: Bang Realty Listing Agent: Brian Brockman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Garden Center Discount Store Electrical Service (Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home Nursing Home

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

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.
(888) 737-2264 Call to check price and availability
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