12604 Maccorkle Ave 11,692 SF Retail Building Chesapeake, WV 25315 $944,445 ($80.78/SF) 9% Cap Rate

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.