14039 Wards Rd - Service Station FOR SALE


Lynchburg, VA 24502
$6,900,000 USD
202-847-4200
14039 Wards Rd, Lynchburg, VA for Sale
$6,900,000 USD
Service Station - FOR SALE
1/7
null | 5% Cap Rate

14039 Wards Rd
Lynchburg, VA 24502


HIGHLIGHTS

  • New Construction Ground Lease
  • Attractive Rent Increase
  • Dynamic Tenant
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • Higher Education Presence

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Wawa ground lease located at 14039 Wards Road in Lynchburg, Virginia (“the Property”). The new construction gas station and convenience store has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for a 10% rent increase every five years throughout the primary lease term and at the start of all six of the five-year renewal options. Wawa is currently under construction with an anticipated rent commencement date of October 23, 2025. The new construction Wawa is extremely well located at the signalized intersection of Wards Road (US Route 29), the area’s primary commercial and commuter corridor, and Lawyers Road (VA Route 683). The Property enjoys outstanding frontage, visibility and access and is and is adjacent to Airport Plaza, a Food Lion anchored shopping center. Wawa is 1.2-miles from US Highway 460 and 3.2-miles from US Highway 501, and enjoys convenient access to the Lynchburg Regional Airport, Liberty University, national retailers and restaurants, and several densely developed residential neighborhoods, all of which drive traffic to the immediate area and provide a built-in customer base.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$1,167 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

-

APN/PARCEL ID

022C-01000-011-0

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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