12604 Maccorkle Ave
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12604 Maccorkle Ave
11,692 SF Retail Building Chesapeake, WV 25315 $1,030,300 ($88/SF) 8.25% Cap Rate
Executive Summary
Upgraded Construction Dollar General With 5 Years Remaining on
Current Term
Store Opened in 2019 to Fill Dollar Store Void in Area
Tenant Fully Responsible for HVAC Repairs and Replacement
- Large 11,692 SF Store That Can Accommodate High Sales Volume
- Located 13 Miles From Downtown Charleston, WV, the Largest
- MSA in West Virginia With Over 266,000 Residents
- Situated Near West Virginia Turnpike With Daily Traffic Counts Exceeding 32,000 Vehicles
- Dollar General is an Investment Grade Tenant With an S&P Credit Rating of BBB (the Same as Walgreens)
Current Term
Store Opened in 2019 to Fill Dollar Store Void in Area
Tenant Fully Responsible for HVAC Repairs and Replacement
- Large 11,692 SF Store That Can Accommodate High Sales Volume
- Located 13 Miles From Downtown Charleston, WV, the Largest
- MSA in West Virginia With Over 266,000 Residents
- Situated Near West Virginia Turnpike With Daily Traffic Counts Exceeding 32,000 Vehicles
- Dollar General is an Investment Grade Tenant With an S&P Credit Rating of BBB (the Same as Walgreens)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,692 SF
Building Class
B
Year Built
1969
Price
$1,030,300
Price Per SF
$88
Cap Rate
8.25%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.35
Lot Size
0.76 AC
Frontage
128 FT on MacCorkle Ave
PROPERTY TAXES
Parcel Number | 20-3-00600000 | Improvements Assessment | $558,390 |
Land Assessment | $74,040 | Total Assessment | $632,430 |
PROPERTY TAXES
Parcel Number
20-3-00600000
Land Assessment
$74,040
Improvements Assessment
$558,390
Total Assessment
$632,430
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12604 Maccorkle Ave
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