42 River Walk Mall - Fast Food FOR SALE


Charleston, WV 25303- Outer S Charleston/Kanawha City
$2,636,340 USD
513-300-0763
42 River Walk Mall, Charleston, WV for Sale
$2,636,340 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

42 River Walk Mall
Charleston, WV 25303
Outer S Charleston/Kanawha City


HIGHLIGHTS

  • Brand new corporate guaranteed lease (Krispy Kreme Corporation)The new lease contains 10 year term with 4 (5-year) option periods 2% annual increase.
  • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises No landlord responsibilities
  • Ideal, management-free investment for an out-of-state, passive investor Only Krispy Kreme in the State.
  • The subject property is located within Riverwalk Mall, anchored by Dollar Tree, Sierra, and T.J. Maxx
  • The property is directly across from Park Place, a 500,000 SF development with tenants including Chick-fil-A, Kroger Marketplace, and Chipotle
  • More than 63,900 residents and 55,700 employees support the trade area $86,272 average household income

OVERVIEW

This Krispy Kreme property presents a rare retail investment opportunity located in South Charleston, West Virginia. The asset features a brand new corporate guaranteed ground lease with Krispy Kreme Doughnut Corporation, providing an ideal management-free investment for passive investors. The property is an outparcel to the Dollar Tree and T.J. Maxx anchored Riverwalk Plaza and is positioned directly across from Park Place, a major 500,000 SF development featuring prominent tenants including Chick-fil-A, Kroger Marketplace, and Chipotle. This location ranks in the 93rd percentile (21/316) of all Krispy Kreme locations nationwide according to Placer.AI data and serves as a distribution hub for the company's "Delivered Fresh" campaign for various stores in the area. The property benefits from excellent visibility and access at the entrance to Riverwalk Plaza on U.S. Highway 60, with strong demographics including more than 63,900 residents and 55,700 employees in the 5-mile trade area with an average household income of $86,272.

FOR SALE DETAILS

PRICE

$2,636,340 USD

PRICE/SF

$888 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.63 AC

LAND SF

637,283 SF

ZONING

-

APN/PARCEL ID

20-22- 2-0001.0000

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.