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Property profile & analytics
FOR LEASE
Retail properties & Spaces

4028 Wards Rd Lynchburg, VA 24502

124,626 SF 11.64 ac lot Built 2000
Entity Owned Free & Clear
Property ID
US87-1715430
Property summary
AI-generated overview

Wards Crossing is a thriving 81,064 square foot power center in Lynchburg, Virginia, built in 2001. This multi-tenant property boasts a strong anchor lineup including Target, Michaels, and Aldi, complemented by a diverse mix of national and local tenants such as Barnes & Noble, Hallmark, The UPS Store, Blaze Pizza, and Five Guys. The center is strategically located off Wards Road/Bus 29 and Route 460, a high-traffic area with an average daily count exceeding 41,000 vehicles. Its proximity to Liberty University, with its substantial student population of over 100,000, ensures a consistent customer base. The property features ample parking with a ratio of 6.97 spaces per 1,000 square feet of gross leasable area (GLA). Currently, there is 4,729 square feet of vacant space available within the 19.12-acre lot. This presents a unique opportunity to acquire a well-established retail center with significant potential for growth and return on investment. The property's strong tenant base, high visibility location, and proximity to a major university make it an attractive investment prospect in a dynamic market. The property offers a blend of established national brands and local businesses, creating a diverse and resilient tenant mix. The substantial parking provision caters to the high volume of daily traffic, ensuring convenient access for shoppers and employees. This power center represents a compelling opportunity for investors seeking a stable and high-performing retail asset in a desirable location.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2000
Total area 124,626 SF
Lot 11.64 ac (506,951 SF)
Zoning code B5C
APN 257 05 006
UPID US87-1715430
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Target Mobile Mobile Phone Store Electronics & Wireless Store
  • Starbucks Cafe & Coffee Shop
  • CVS Pharmacy Pharmacy
  • Target Grocery Grocery & Convenience Store Food Market
  • Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.27M
Comparable Approach Comparable
$16.03M
Blend (final) Blend
$16.65M
Owner & transaction history
DAYTON HUDSON CORPORATION
DAYTON HUDSON CORPORATION
Zoning & alternative use
B5C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $26.4M +30.3%
Auto repair, garage $25.3M +25.0%
Medical building $22.2M +9.6%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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