August 19, 2019 – Chris King, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Advance Auto Parts in Vidalia, Georgia. Horvath & Tremblay represented the seller in the transaction that closed at a sale price of $690,000.
Advance Auto Parts fully occupies a 7,140-square foot property located along East 1st Street. Advance Auto Parts has been at the Property for over 25 years and recently demonstrated their commitment to the location by extending their lease through December 2023. The lease term now has over 4.5 years remaining, plus two, 5-year renewal options. The stand-alone property is located along a primary retail and commuter corridor with excellent frontage and visibility. The Property is strategically located in close proximity to numerous car dealerships, national retailers and restaurants, providing an ideal location for an Advance Auto Parts store.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.