Kroger-Adjacent Shopping
For Sale
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7701 Timberlake Road, Lynchburg, VA 24502
Multi-tenant retail property with established national and regional tenancy.
Property SizeContact for details
Days on Market144
Property Features for 7701 Timberlake Road
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
42,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Palomar Real Estate Group
Listed By:
Ryan McArdle · License #GA 319111
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palomar Real Estate Group
Investment Insights
Based on property information with market context.
Timberlake Station is a multi-tenant shopping center with 12 tenants, including Family Dollar and Harbor Freight, whose occupancies have extended beyond 23 years and 13 years, respectively. National and regional retailers account for 69% of the tenancy, while five tenants have annual escalations. The property also includes second-story space that was not assigned value in the underwriting and could accommodate office use, subject to applicable requirements.
The center sits adjacent to the area’s dominant Kroger and near more than 600 apartment units, with another 300 units under construction. The site is positioned at a hard corner and benefits from reported daily traffic exceeding 42,000 vehicles at the nearby intersection. Completed and contemplated capital work includes façade, lighting, and parking lot improvements. Inline rents are described as below market, and Family Dollar is scheduled to reach market rent in January 2022.
The center sits adjacent to the area’s dominant Kroger and near more than 600 apartment units, with another 300 units under construction. The site is positioned at a hard corner and benefits from reported daily traffic exceeding 42,000 vehicles at the nearby intersection. Completed and contemplated capital work includes façade, lighting, and parking lot improvements. Inline rents are described as below market, and Family Dollar is scheduled to reach market rent in January 2022.
Key Highlights
- 12‑tenant shopping center with 69% national or regional retailers
- Family Dollar tenancy exceeds 23 years; Harbor Freight tenancy exceeds 13 years
- Adjacent to the market’s dominant Kroger
Property Analytics
Property Profile
Current Use
Lease Details
42,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property with established national and regional tenancy.
Where is this shopping center located?
The property is located at 7701 Timberlake Road Lynchburg, VA.
What are key features of this property?
This property features: 12‑tenant shopping center with 69% national or regional retailers; Family Dollar tenancy exceeds 23 years; Harbor Freight tenancy exceeds 13 years; Adjacent to the market’s dominant Kroger
