12604 Maccorkle Ave - Freestanding FOR SALE
Chesapeake, WV 25315 |
12604 Maccorkle Ave
Chesapeake, WV 25315
HIGHLIGHTS
- LONG TERM TENANT: Dollar General has been at this location since 2019 and has 3+ years remaining on their lease with three (3), 5-year renewal options
- ATTRACTIVE RENT INCREASES: The lease includes attractive 10% rent increases at the start of each renewal option.
- OPERATING EXPENSE PROTECTION: Dollar General reimburses 100% of real estate taxes, insurance, and common area maintenance.
- INVESTMENT GRADE CREDIT: Dollar General has the highest credit rating among its peers and holds investment grade credit – rated BBB (S&P).
- PROXIMITY TO CHARLESTON: Charleston, the capital and largest city of West Virginia, is located approximately 15 miles away.
- RECESSION RESISTANT TENANT: Dollar General thrives in middle-America markets where incomes may be modest, proving the tenant to be a resilient tenant
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Storefront, Storefront Retail/Residential
TOTAL BUILDING SIZE
11692
STORIES
1
YEAR BUILT
1969
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
20-3-00600000
