3812 Wards Rd Lynchburg, VA 24502-2966

Property Details for 3812 Wards Rd

Year built

2015

Construction

FRAME

Lot size

0.94 lot acres

Property size

7,473 SF

Zone code

B3C

Property type

Turn key restaurants

APN

257 03 021

APU

25703021

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Buffalo Wild Wings restaurant in Lynchburg, Virginia. Located at 3812 Wards Rd, this Class A, 7,450 square foot property sits on a 0.94-acre lot and boasts a 100% occupancy rate. Built in 2015 and renovated in 2024, the single-story building features both indoor and outdoor seating, including unique outdoor bar seating. The property benefits from a prime location within a dominant shopping corridor, proximate to major retailers such as Walmart, Sam's Club, Texas Roadhouse, Cracker Barrel, Chick-fil-A, and Target, as well as a regional mall, Liberty University, and a Central Virginia Community College campus. The property is leased under an Absolute NNN lease with a strong, established tenant, Buffalo Wild Wings, providing significant long-term stability. The lease includes a recently extended term with more than 10 years remaining, featuring fixed 2% annual rent increases beginning January 1, 2025, offering excellent inflationary protection. This investment offers a compelling 6.85% cap rate and a price per square foot of $489.93, representing a strong return on investment. The asking price is $3,650,000. This is a rare opportunity to acquire a proven, high-performing restaurant in a desirable location with a secure, long-term lease.

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Longitude

-79.1843

Latitude

37.3559

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments