12604 Maccorkle Ave
Chesapeake, WV 25315 Outer S Charleston/Kanawha City

$944,445 USD

Freestanding For Sale • 11,692 SF

Property Details

Property Type Freestanding
Total Building Size 11,692 SF
Lot Size 0.72 AC
Building Class B
Year Built 1969
Tenancy Single

0 Transit Score

24 Walk Score

                
                    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, providing a steady increase in income
                            
                                Dollar General reimburses 100% of real estate taxes, insurance, and common area maintenance, preserving in-place cash flow.
                            
                                Dollar General has the highest credit rating among its peers and holds investment grade credit – rated BBB (S&P) and Baa2 (Moody’s). 
                            
                                Dollar General operates over 20,500 locations throughout the country. Dollar General’s net sales increased 5% to $40.6 Billion in fiscal year 2024.