1157 E Lee Hwy - Freestanding FOR SALE


Chilhowie, VA 24319
$1,388,129 USD
818-421-7000
1157 E Lee Hwy, Chilhowie, VA for Sale
$1,388,129 USD
Freestanding - FOR SALE
1/15
null | 7% Cap Rate

1157 E Lee Hwy
Chilhowie, VA 24319


HIGHLIGHTS

  • Corporate Lease: Advance Auto Parts occupies the property under a corporately guaranteed lease, offering stable, longterm income.
  • Limited Competition: One of only two auto parts retailers within a 10-mile radius, providing a strategic advantage in the local market.
  • Prime Retail Location: Situated along E Lee Highway— Chilhowie’s primary retail corridor—ensuring high visibility and consistent traffic flow.
  • Pad to Anchored Center: Positioned as a pad building to a busy Goodwill-anchored shopping center.
  • High-Traffic Drivers: Located directly across from Chilhowie High School and just minutes from Interstate 81.

OVERVIEW

Peak Commercial is pleased to present an Exclusive Investment Offering for a single-tenant net-leased property occupied by Advance Auto Parts (“Tenant”), located at 1157 E Lee Hwy, Chilhowie, VA 24319 (the “Property”). This offering features a freestanding retail building occupied by a nationally recognized automotive parts retailer, Advance Auto Parts, situated along a prominent commercial corridor with excellent visibility and access. The property is strategically positioned adjacent to other national retailers and benefits from strong local traffic drivers, including proximity to Chilhowie High School and Interstate 81. The subject property consists of a 6,895 square foot building on 10,019 square feet of land and offers a rare opportunity for investors to acquire a stable, long-term income-producing asset with minimal landlord responsibilities

FOR SALE DETAILS

PRICE

$1,388,129 USD

PRICE/SF

$201 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

53D3-A-104B

ASK ABOUT THIS PROPERTY

Giann VitalePeak CommercialMore Info
818-421-7000

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Giann VitalePeak CommercialMore Info
818-421-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.