5631 Maccorkle AveCharleston, WV 25304

Property Details for 5631 Maccorkle Ave

Lot size

0.17 AC

Property type

Commercial land

APN

20-18- 1-0028.0000

APU

2018100280000

Description

This exceptional investment opportunity presents a newly constructed Sheetz gas station and convenience store in Charleston, WV. Located at 5631 MacCorkle Ave SE, this 6,132 square foot property sits on a 1.38-acre lot and boasts a prime location on a major commercial corridor. The property benefits from a 15-year absolute NNN ground lease with Sheetz, a financially strong corporate tenant, commencing July 8, 2024, and expiring June 30, 2039. The lease includes seven 5-year renewal options, each with a 10% rent increase. The annual net operating income (NOI) is $208,000, resulting in a 5.75% cap rate. The property enjoys high visibility and accessibility, situated within a densely populated residential area, near major roadways (WV Route 61, I-64, US Highway 60), a hospital, universities, business parks, and numerous national retailers and restaurants. Daily traffic counts exceed 20,300 vehicles on MacCorkle Avenue SE alone. The surrounding area has a strong demographic profile, with over 36,200 people within a 5-mile radius and an average household income exceeding $107,696. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term growth potential and a strong hedge against inflation. The building was constructed in 2024 and is a single-story structure.

Location Insight

City

South Charleston

County

Kanawha

State

West Virginia

Latitude

38.3541

Longitude

-81.7481

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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