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1281 Main St
Altavista, VA 24517

Advance Auto Parts · Retail Property For Sale

Investment Highlights

  • 3.5-years of primary term remain on NN lease; one five-year option thereafter
  • 0.99 acre lot improved by 6,752 square foot Advance Auto Parts prototype
  • Advance Auto Parts is Standard & Poor’s rated BBB- with a positive outlook
  • 27% rental increase in option period - current rent PSF of $10.06 is substantially below market
  • The lease is corporately guaranteed by Advance Auto Parts (NYSE: AAP)
  • Advance Auto Parts has operated at this location since 2000

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
6,752 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.99 AC
Parking
40 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
283 FT on Main St
  • Listing ID: 25735449

  • Date on Market: 5/18/2022

  • Last Updated:

  • Address: 1281 Main St, Altavista, VA 24517

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