4028 Wards Rd Lynchburg, VA 24502
For Lease
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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.
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Target Mobile Mobile Phone Store Electronics & Wireless Store
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Starbucks Cafe & Coffee Shop
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CVS Pharmacy Pharmacy
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Target Grocery Grocery & Convenience Store Food Market
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Coinhub Bitcoin ATM Teller Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
B5C · Lynchburg, VANo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.