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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



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
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
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,202,800 | Total Assessment | $1,202,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,202,800
Improvements Assessment
$0
Total Assessment
$1,202,800
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Wawa | 14039 Wards Rd
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