4042 Wards Rd, Lynchburg, VA

This single-tenant property in Lynchburg, Virginia, is leased to LongHorn Steakhouse. The property is undergoing renovations, with an expected opening in Winter 2025. The tenant will operate under a new, long-term triple-net ground lease featuring 10% rental increases every five years. Situated across from Liberty University, which has 16,000 on-campus students and 4,400 faculty members, the location benefits from the university's consistent economic activity. The property is located on Wards Road, with a traffic volume of 41,000 vehicles per day, and is less than a quarter mile from Lynchburg Highway, which sees 52,000 vehicles per day. This positioning provides high visibility and accessibility within Lynchburg’s primary retail corridor. The property is located in a retail corridor with national retailers. The adjacent Walmart Supercenter ranks in the 99th percentile in Virginia and the 94th percentile nationally, while Target ranks in the 94th percentile statewide and 88th percentile nationally, and Sam’s Club ranks in the 73rd percentile in Virginia. The property benefits from consumer preference for full-service casual dining, limited competition, and a well-established customer base, being the only LongHorn Steakhouse within a 50-mile radius. The building has a property size of 7587 square feet.