5631 Maccorkle SW Ave South Charleston, WV 25309-1017
- Commercial land
- 0.17 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5631 Maccorkle SW Ave
- Lot size
- 0.17 lot acres
- Property type
- Commercial land
- APN
- 20-18- 1-0028.0000
- APU
- 2018100280000
Description
This exceptional investment opportunity presents a newly constructed Sheetz gas station and convenience store in Charleston, WV. Located at 5631 MacCorkle Ave SE, this 6,132 square foot property sits on a 1.38-acre lot and boasts a prime location on a major commercial corridor. The property benefits from a 15-year absolute NNN ground lease with Sheetz, a financially strong corporate tenant, commencing July 8, 2024, and expiring June 30, 2039. The lease includes seven 5-year renewal options, each with a 10% rent increase. The annual net operating income (NOI) is $208,000, resulting in a 5.75% cap rate. The property enjoys high visibility and accessibility, situated within a densely populated residential area, near major roadways (WV Route 61, I-64, US Highway 60), a hospital, universities, business parks, and numerous national retailers and restaurants. Daily traffic counts exceed 20,300 vehicles on MacCorkle Avenue SE alone. The surrounding area has a strong demographic profile, with over 36,200 people within a 5-mile radius and an average household income exceeding $107,696. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term growth potential and a strong hedge against inflation. The building was constructed in 2024 and is a single-story structure.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Charleston
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.7481
- Latitude
- 38.3541
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA
