12604 Maccorkle Ave Chesapeake, WV 25315
- Retail properties
- 11,692 SF
- 0.76 lot acres
Current Use by Public Records
- Dollar General / Dollar Store / Convenience Store
- Western Union / Money Transfer Service / Money Order Service
- FedEx OnSite / Mailing Service
Property Details for 12604 Maccorkle Ave
- Year built
- 1969
- Lot size
- 0.76 lot acres
- Property size
- 11,692 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.5349
- Latitude
- 38.2229
