Log In/Sign Up
Your email has been sent.
42 River Walk Mall 2,968 SF Retail Building Charleston, WV 25303 $3,694,725 CAD ($1,244.85 CAD/SF) 5% Cap Rate
Investment Highlights
- Brand new corporate guaranteed lease (Krispy Kreme Corporation)The new lease contains 10 year term with 4 (5-year) option periods 2% annual increase.
- Ideal, management-free investment for an out-of-state, passive investor Only Krispy Kreme in the State.
- The property is directly across from Park Place, a 500,000 SF development with tenants including Chick-fil-A, Kroger Marketplace, and Chipotle
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises No landlord responsibilities
- The subject property is located within Riverwalk Mall, anchored by Dollar Tree, Sierra, and T.J. Maxx
- More than 63,900 residents and 55,700 employees support the trade area $86,272 average household income
Executive Summary
This Krispy Kreme property presents a rare retail investment opportunity located in South Charleston, West Virginia. The asset features a brand new corporate guaranteed ground lease with Krispy Kreme Doughnut Corporation, providing an ideal management-free investment for passive investors. The property is an outparcel to the Dollar Tree and T.J. Maxx anchored Riverwalk Plaza and is positioned directly across from Park Place, a major 500,000 SF development featuring prominent tenants including Chick-fil-A, Kroger Marketplace, and Chipotle.
This location ranks in the 93rd percentile (21/316) of all Krispy Kreme locations nationwide according to Placer.AI data and serves as a distribution hub for the company's "Delivered Fresh" campaign for various stores in the area. The property benefits from excellent visibility and access at the entrance to Riverwalk Plaza on U.S. Highway 60, with strong demographics including more than 63,900 residents and 55,700 employees in the 5-mile trade area with an average household income of $86,272.
This location ranks in the 93rd percentile (21/316) of all Krispy Kreme locations nationwide according to Placer.AI data and serves as a distribution hub for the company's "Delivered Fresh" campaign for various stores in the area. The property benefits from excellent visibility and access at the entrance to Riverwalk Plaza on U.S. Highway 60, with strong demographics including more than 63,900 residents and 55,700 employees in the 5-mile trade area with an average household income of $86,272.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,968 SF
Building Class
C
Year Built
1997
Price
$3,694,725 CAD
Price Per SF
$1,244.85 CAD
Cap Rate
5%
NOI
$184,736 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
14.63 AC
Frontage
56’ on MacCorkle Ave
Amenities
- Bus Line
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-22- 2-0001.0000 | Improvements Assessment | $9,456,569 CAD |
| Land Assessment | $3,634,758 CAD | Total Assessment | $13,091,327 CAD |
Property Taxes
Parcel Number
20-22- 2-0001.0000
Land Assessment
$3,634,758 CAD
Improvements Assessment
$9,456,569 CAD
Total Assessment
$13,091,327 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
42 River Walk Mall
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.