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.
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 Details
for 12604 Maccorkle Ave
Property type
Other retail properties, Individual retail properties
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Contacts
Brian Brockman
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12604 Maccorkle Ave, Chesapeake, West Virginia, 25315
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12604 Maccorkle Ave
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