1281 Main St | Altavista, VA 24517
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- LoopNet Team
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
Number of Floors
1
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
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