5415 Maccorkle AveCharleston, WV 25304

For Sale
$1,942,000

15-Year NNN Lease, Corporate Guarantee

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple, 1,300 square foot auto shop in Charleston, West Virginia, boasting a new 15-year absolute NNN lease with a corporate guarantee from Strickland Brothers. The property, built in 2024, features a modern two-bay design and is situated on a 0.35-acre lot with six parking spaces. The lease commenced November 15, 2024, and expires November 14, 2039, with 10% rent bumps every five years. The property enjoys excellent visibility and access, with 20,300 vehicles passing daily. Located at 5415 MacCorkle Ave SE, Charleston, WV 25304, it benefits from a strong trade area encompassing 66,610 residents and proximity to the University of Charleston and Charleston Area Medical Center. The property's Net Operating Income (NOI) is $140,800, resulting in a 7.25% cap rate. The asking price is $1,942,000. This stabilized investment offers significant potential for long-term returns and benefits from bonus depreciation potential (consult your accountant). The lease includes four, five-year renewal options. This is a single-tenant property with 100% occupancy.

Highlights

  • Strong primary trade area with 66,610 residents and $104,379 average household income within a 3-mile radius.
  • Proximity to University of Charleston, serving 3,059 students and 449 employees.
  • Located 2 miles from Charleston Area Medical Center, Charleston's largest employer with over 7,000 employees.
  • High visibility location with excellent access to a major thoroughfare boasting 20,300 vehicles per day.
  • Situated in Charleston, West Virginia's capital city, a market of over 220,000 residents.
  • Access to a robust business environment with over 9,300 businesses employing over 123,000 people.

Property Details for 5415 Maccorkle Ave

Property type
Other retail properties, Automotive properties
Square Feet
1,300 SF
Year Built
2024
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Charleston
County
Kanawha
State
West Virginia
Latitude
38.3154568
Longitude
-81.5716534
5415 Maccorkle Ave, Charleston, West Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5415 Maccorkle Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message