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4205 Maccorkle Ave SE 12,000 SF Retail Building Charleston, WV 25304 $1,798,790 ($149.90/SF) 11% Cap Rate
Executive Summary
INVESTMENT HIGHLIGHTS
NNN Leasehold with Zero Landlord Responsibilities
Qualifies for Accelerated Bonus Depreciation (**Discuss with Tax Advisor)
Excellent Visibility with Frontage and Signage Along MacCorkle Ave SE which has Daily Traffic Counts Exceeding 21,170 Vehicles
Situated within a Retail Corridor and Surrounded by National Tenants Including Starbucks, McDonald's, Burger King, Wendy's, Taco Bell, and Advance Auto Parts
Average Household Income Exceeds $108,100 within a 1-Mile Radius of the Property
CVS Has Over 9,000 Locations Nationwide | NYSE: CVS
NNN Leasehold with Zero Landlord Responsibilities
Qualifies for Accelerated Bonus Depreciation (**Discuss with Tax Advisor)
Excellent Visibility with Frontage and Signage Along MacCorkle Ave SE which has Daily Traffic Counts Exceeding 21,170 Vehicles
Situated within a Retail Corridor and Surrounded by National Tenants Including Starbucks, McDonald's, Burger King, Wendy's, Taco Bell, and Advance Auto Parts
Average Household Income Exceeds $108,100 within a 1-Mile Radius of the Property
CVS Has Over 9,000 Locations Nationwide | NYSE: CVS
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,000 SF
Building Class
B
Year Built
2009
Price
$1,798,790
Price Per SF
$149.90
Cap Rate
11%
NOI
$197,867
Tenancy
Single
Building Height
1 Story
Building FAR
0.74
Lot Size
0.37 AC
Parking
60 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
124’ on MacCorkle Ave
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $659,930 | |
| Land Assessment | $171,060 | Total Assessment | $830,990 |
Property Taxes
Parcel Numbers
Land Assessment
$171,060
Improvements Assessment
$659,930
Total Assessment
$830,990
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4205 Maccorkle Ave SE
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