Advance Auto Parts
Single-Tenant Offerings
Advance Auto Parts
20061 Riverside Drive
Grundy, VA
- Price:
- $1,867,000
- Cap Rate:
- 6.75%
- NOI:
- $126,000
- Rentable SQFT:
- 7,000 SF
- Year Built:
- 2003
- Lot Size:
- 1.493 +/- Acres
- Lease Type:
- NN
- Type of Ownership:
- Public
- Status:
- Available
Investment Highlights
- New 10-Year Lease Extension
- Investment Grade Credit Tenant, Rated BBB- by S&P
- Strong Store Sales, Well-Above Average
- 17-Year Operating History at this Location
- Previous Relocation of an Existing Store
- Serving Over 21,000 Residents in Buchanan County
- Highly Visible Along Major Artery with More Than 10,000 Cars/Day
- Underserved Retail Market, High Needs for Goods and Services
- Minutes to Southern Gap Business Park, a 3,000-Acre Development
- Close Proximity to Panther State Park, Several Hundred Thousand Visitors Annually
- Just West of New River Gorge, Over 1 Million Visitors Annually
- Heart of Appalachia Region, Tourism is the Fastest Growing Industry in Virginia
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