Advance Auto Parts 1281 Main St 7,000 SF Retail Building Altavista, VA 24517 $1,345,836 CAD ($192.26 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- CREDIT TENANT – Advance Stores Company, Incorporated (NYSE: AAP) is a nationally recognized auto parts retailer
- ESTABLISHED OPERATING HISTORY – Advance Auto Parts has successfully operated at this location since its original Built-to-Suit construction
- NEW DEVELOPMENT NEARBY – Situated less than a mile from Abbott Laboratories, one of Altavista’s leading employers
- LONG-TERM TENANT COMMITMENT – This year, the tenant demonstrated their strong dedication to this location by executing an early 10-year lease
- PRIME RETAIL LOCATION – Strategically positioned next to the Town & Country Shopping Center, this Advance Auto Parts benefits from strong co-tenancy
- HIGHWAY 29 PROXIMITY – Strategically located just one mile from U.S. Highway 29, a major north-south corridor connecting Washington D.C. to Greensboro
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2000
Price
$1,345,836 CAD
Price Per SF
$192.26 CAD
Cap Rate
7%
NOI
$94,209 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.99 AC
Parking
40 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
283’ on Main St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer. As of December 28, 2024, Advance operated many stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0840-0A000-008-D2 | Improvements Assessment | $633,475 CAD |
| Land Assessment | $359,155 CAD | Total Assessment | $992,631 CAD |
