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31112337
31112336

12604 MacCorkle Ave SE, Chesapeake, WV 25315

BB
WV B200300608, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty
$944,445
83 days on market
Updated 79 days ago

Upgraded Construction Dollar General - Chesapeake WV

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 11,692
Units 1
Cap Rate 9%
NOI $85,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Term 10
Lease Expiration 04/30/2029
Remaining Term 2.9
Price per SqFt $81
Year Built 1969
Year Renovated 2019
Buildings 1
Acreage 0.760
Tenant Credit Corporate Guarantee
Lease Commencement 04/18/2019
Ownership (Building & Land) Fee Simple

Retail | 9.00% CAP | 11,692 SqFt

Marketing description

We are pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 12604 MacCorkle Avenue SE in Chesapeake, West Virginia (the “Property”). Dollar General has been at this location since 2019 and has 3+ years remaining on their lease with three (3), 5-year renewal options. The lease features attractive 10% rent increases at the start of each renewal option.

The Property is well located along MacCorkle Avenue SE (WV Route 61), the area’s primary commercial and commuter corridor, and enjoys outstanding frontage and visibility with a large pylon sign. The Property is positioned in the heart of Chesapeake and Dollar General benefits from a lack of competition as it is one of the only national retailers serving the town. The Property is surrounded by area businesses, schools and residential neighborhoods, and provides convenient access to Interstate 64, US Route 60, and WV Route 94. Chesapeake is positioned along the banks of the Kanawha River approximately 15 miles southeast of Charleston, the state capital and economic center of central West Virginia.

Investment highlights

  • 9% CAP NN+ Dollar General - No HVAC Responsibility for Landlord

  • Current Lease Expires 4/30/2029 - 3 Years Remaining

  • All Brick Construction With Great Visibility/Frontage Along Main Road

Through Chesapeake

  • Just 15 Miles From Downtown Charleston, 2nd Largest MSA in West

Virginia

  • Landlord Friendly Lease - DG Fully Reimburses for CAM Expenses

  • 10% Increases in Option Periods

Listing Contacts

BB
WV B200300608, OH BRK.200900214 (+21)
Bang Realty
Listed by Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,000.00
$7,083.33/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Brian Brockman
License
B200300608
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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