Actually, the 700 is not a sniper rifle, even though Remington and various custom rifle makers have made sniper rifles using the action as a basis.  Remington does offer it in various versions from lightweight sporters to heavy varmint and medium and heavy tactical rifles. Most of the 700s produced are sporter weight hunting rifles.

They are generally very accurate and have been offered in versions from plain vanilla on up to Custom Shop Specials.  The most popular bolt action rifle ever made and there must be good reason for that besides my opinion.  I currently have five of them in various calibers.  I particularly like the now discontinued Classic series, but the new CDL's are quite nice looking rifles.  There are various plastic/composite stocked and corrosion resistant models available as well for those hunters that like to hunt in nasty weather.