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Wawa 14039 Wards Rd 5,915 SF Retail Building Lynchburg, VA 24502 $6,900,000 ($1,166.53/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,915 SF
Building Class
B
Year Built
2025
Price
$6,900,000
Price Per SF
$1,166.53
Cap Rate
5%
NOI
$345,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.73 AC
Zoning
BGC - Commercial

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

Food Lion
First Bank and Trust Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 022C-01000-011-0
  • 022C-01000-010-0
Land Assessment
$1,202,800
Improvements Assessment
$0
Total Assessment
$1,202,800
  • Listing ID: 37726570

  • Date on Market: 9/18/2025

  • Last Updated:

  • Address: 14039 Wards Rd, Lynchburg, VA 24502

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