5415 Maccorkle Ave Charleston, WV 25304

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.