5415 Maccorkle AveCharleston, WV 25304

Property Details for 5415 Maccorkle Ave

Year built

2024

Lot size

0.35 AC

Property size (Sq ft)

1,300 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, 1,300 square foot auto shop in Charleston, West Virginia, boasting a new 15-year absolute NNN lease with a corporate guarantee from Strickland Brothers. The property, built in 2024, features a modern two-bay design and is situated on a 0.35-acre lot with six parking spaces. The lease commenced November 15, 2024, and expires November 14, 2039, with 10% rent bumps every five years. The property enjoys excellent visibility and access, with 20,300 vehicles passing daily. Located at 5415 MacCorkle Ave SE, Charleston, WV 25304, it benefits from a strong trade area encompassing 66,610 residents and proximity to the University of Charleston and Charleston Area Medical Center. The property's Net Operating Income (NOI) is $140,800, resulting in a 7.25% cap rate. The asking price is $1,942,000. This stabilized investment offers significant potential for long-term returns and benefits from bonus depreciation potential (consult your accountant). The lease includes four, five-year renewal options. This is a single-tenant property with 100% occupancy.

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3155

Longitude

-81.5717

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