Shopping Strip

Advance Auto Parts - Distribution Center

2000 2nd St, Richlands, VA 24641

Listing Price: $2,000,000

Cap Rate
6.87%
Gross SF
37,210
Rentable SF
37,210
Price/Gross SF
$53.75
Lot Size
2.60 acres
Year Built
1980

Investment Overview

Marcus & Millichap is proud to present a 35,000 SF, five-tenant strip center at 2000 2nd St in Richlands, Virginia. The Community Center, which sits on 2.6 acres of land, is anchored by an Advance Auto Parts on a brand new, 10-year lease, at $5.00 per square foot. Along with the well preforming Advance Auto Parts, the strip center features a Rent-A-Center, a Cash to Payday loan agency, and a local Laundromat.

Positioned in the heart of Richlands, the asset is surrounded by national retailers such as BB&T, United States Postal Service, and Hardee's. Additionally, the subject property is in the main retail corridor of Richlands, along with a Goodwill Center, a Food Lion, and a Big Lots. Local residents are driven toward the center by neighboring national retailers.

The property sits at the hard corner of 2nd St and Allegheny St, which sees over 7,000 Vehicles Per Day. The population within 5 miles of the asset is just above 12,000 people. The asset is also in close proximity to I-460, a major highway that travels through Richlands toward West Virginia.

Investment Highlights

  • Five Tenant - 35,000 SF Retail Strip Center
  • Advance Auto Parts on Brand New, 10 Year Lease
  • Located in Main Retail Corridor of Richlands
  • Close Proximity to I-460
  • 5 Mile Radius - 12,000 Residents

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

Shopping Strip

Advance Auto Parts - Distribution Center

Listing Price: $2,000,000

Cap Rate
6.87%
Gross SF
37,210
Rentable SF
37,210
Price/Gross SF
$53.75
Lot Size
2.60 acres
Year Built
1980

Investment Highlights

  • Five Tenant - 35,000 SF Retail Strip Center
  • Advance Auto Parts on Brand New, 10 Year Lease
  • Located in Main Retail Corridor of Richlands
  • Close Proximity to I-460
  • 5 Mile Radius - 12,000 Residents

Investment Overview

Marcus & Millichap is proud to present a 35,000 SF, five-tenant strip center at 2000 2nd St in Richlands, Virginia. The Community Center, which sits on 2.6 acres of land, is anchored by an Advance Auto Parts on a brand new, 10-year lease, at $5.00 per square foot. Along with the well preforming Advance Auto Parts, the strip center features a Rent-A-Center, a Cash to Payday loan agency, and a local Laundromat.

Positioned in the heart of Richlands, the asset is surrounded by national retailers such as BB&T, United States Postal Service, and Hardee's. Additionally, the subject property is in the main retail corridor of Richlands, along with a Goodwill Center, a Food Lion, and a Big Lots. Local residents are driven toward the center by neighboring national retailers.

The property sits at the hard corner of 2nd St and Allegheny St, which sees over 7,000 Vehicles Per Day. The population within 5 miles of the asset is just above 12,000 people. The asset is also in close proximity to I-460, a major highway that travels through Richlands toward West Virginia.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Sales Manager

    License(s): VA: 0225215181

    Virginia

Financing By

  • Stephen Arrivello

    Director

    Direct:

    Email Stephen

    Philadelphia, PA

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