10404 MacCorkle Ave 11,600 SF Retail Building Marmet, WV $1,325,000 ($114/SF) 6.22% Cap Rate

10404 MacCorkle Ave 11,600 SF Retail Building Marmet, WV $1,325,000 ($114/SF) 6.22% Cap Rate

Investment Highlights

  • Former Rite Aid, provides Family Dollar with a greater footprint for the community.
  • 10 Year NN+ lease with 8.2 years remaining.
  • Large Building, very low price per s.f. at $129/psf.
  • Renovated with a new roof in 2016, refreshed parking lot in 2019, exterior repainted in 2020.
  • Rare dollar store rent increases in primary term at 7.03% due 10/1/2025.
  • Large 2 acre lot with 45 parking spaces.

Executive Summary

Once an existing Rite Aid store, this freshly renovated building is now occupied by Family Dollar. • Family Dollar executed a new 10 year lease with four 5 year options to renew. The lease is guaranteed by Family Dollar, Inc. Rent Commencement was October 1, 2020 with the primary term expiring September 30, 2030. There are approximately 7.6 years remaining on the primary term. The Lease includes rent increases every 5 years with the next increase due October 1, 2025 at 7.03%. Rent increases at each option period. • Family Dollar has invested $200,000 on their Tenant Improvements and the previous Landlord invested over $125,000 on Tenant Improvements, leasing commissions and Landlord Improvements for Family Dollar. The recent investment into the property is over $300,000 plus fixtures and equipment. • Major improvements: the roof was replaced in 2016 and tuned up in 2020; parking lot was repaired, resealed and striped in 2019; the entire exterior of the building was repainted in 2020 and a new drop ceiling installed in 2020. • Family Dollar has been serving the City of Marmet, WV and its surrounding are a for over 10 years prior to moving into this new location that has been previous occupied by Rite Aid. Family Dollar moved to this more prominent location within close proximity to Interstate 64 on and off ramps. The location has great visibility for Family Dollar, ample parking, direct freeway access and directly across from Kroger.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Sale Condition
1031 Exchange
Property Type
Property Subtype
Building Size
11,600 SF
Building Class
Year Built/Renovated
Price Per SF
Cap Rate
Building Height
1 Story
Building FAR
Land Acres
2.00 AC
62 Spaces (5.34 Spaces per 1,000 SF Leased)
171 FT on MacCorkle Ave


  • Pylon Sign
  • Drive Thru



Parcel Number
20-21- 8-0097.0001
Land Assessment
Improvements Assessment
Total Assessment

Walk Score

Property Type

For Sale



Listing Agent

10404 MacCorkle Ave 11,600 SF Retail Building Marmet, WV $1,325,000 ($114/SF) 6.22% Cap Rate