Wednesday, June 19, 2013

Greysteel Announces Exclusive Free-Standing Advance Auto Parts Offering in Altavista, VA for $952,000


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.  

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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