4026 Wards Rd Ste A Lynchburg, VA 24502-2977
Property profile & analytics
4026 Wards Rd Ste A, Lynchburg, VA 24502-2977
- Community centers
- 8,107 SF
- 0.86 lot acres
Property ID
US87-1368695
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- UPS Access Point location / Courier Service / Postal Service
- The Good Feet Store / Orthotics & Prosthetics Service
- GameStop / Arcade & Gaming Center / Electronics & Wireless Store
- Lane Bryant / Clothing & Fashion Store
- Rack Room Shoes / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
Property Details for 4026 Wards Rd Ste A
- Year built
- 2007
- Lot size
- 0.86 lot acres
- Zone code
- B5C
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 257 05 014
- APU
- 25705014
Description
This exceptional investment opportunity presents a 30,800 square foot, Class A, single-tenant retail storefront occupied by Sportsman's Warehouse, a credit-rated, publicly traded company (NASDAQ: SPWH). Located at 4026 Wards Rd, Lynchburg, VA 24502, this property boasts a prime location in the Wards Crossing Shopping Center, benefiting from high traffic counts exceeding 40,000 vehicles per day on Wards Road and over 42,000 VPD at the nearby intersection of Routes 460 and 29. The property enjoys immediate proximity to Liberty University, with its substantial student population of 96,709. Built in 2000 and extensively renovated in 2022, the building sits on a 4.32-acre lot. The current lease, commencing February 1, 2023, and expiring January 31, 2033, offers a remaining term of 8.2 years with four 5-year renewal options. Each renewal includes a 10% rent increase, providing excellent inflation protection. The current Net Operating Income (NOI) is $462,000, resulting in a 7.25% cap rate. The asking price is $6,375,000. Nearby retailers include Target, ALDI, PetSmart, Michaels, Best Buy, Barnes & Noble, and many more, further enhancing the property's desirability and strong tenant base. This NNN lease minimizes landlord responsibilities, making it an ideal investment opportunity with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.1916
- Latitude
- 37.3466
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$18,031
$604,100
$1,421,900
$2,026,000
-
$604,100
$1,421,900
$2,026,000
