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| Advance Auto Parts, Altavista, VA |
Altavista, VA – One of Washington, D.C.’s leading real
estate investment service firms, Greysteel, announced today that Vice President
Peter Snell, head of the Single Tenant Net Lease Investment Group, has
been named exclusive advisor and agent for the freestanding Advance Auto Parts
located in Altavista, Virginia.
The offering, which is listed for $952,000 (7.50% cap),
consists of a 7,000 square foot building on a 0.99 acre lot, leased to Advance
Auto Parts.
Situated along Main Street, the primary access road to the heart of
downtown Altavista, the property is adjacent to a 150,000 Food Lion anchored
shopping center.
Other national
retailers in the surrounding area include CVS, KFC, Hardee’s, Wells Fargo,
Citgo, Sunoco and more.
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| Peter Snell |
“Offerings like this remain in high demand, as investment
grade assets are in short supply,” said Greysteel’s Peter Snell, who
continued “Advance Auto Parts credit, minimal landlord responsibilities and
strong passive income all combine to present a highly desirable investment
opportunity.
“Through our marketing platform we fully expect to generate
multiple offers in a relatively short period of time.”
For a complete copy of the company’s news release, please
contact:
Yassi Farzaneh
202-280-2714
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