3812 Wards Rd
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3812 Wards Rd
7,450 SF Retail Building Lynchburg, VA 24502 $3,650,000 ($490/SF) 6.85% Cap Rate
Investment Highlights
- 7% Cap January 1st 2025
- Exterior & Interior Renovations
- 2% Annual Rent Increases
- Recent 10yr Lease Extension
Executive Summary
Buffalo Wild Wings is a time-tested restaurant concept which continues to perform not only across the United States, but around the world selling 5.5 million wings a day. This particular Lynchburg location is found within a dominant shopping corridor and is proximate to countless retailers such as: Walmart, Sam’s Club, Texas Roadhouse, Cracker Barrel, Chick-fil-A, Target; and the areas major regional mall; Liberty University; as well as has direct walking access to a Central Virginia Community College campus. The store has outside seating for patrons, and also uniquely has outdoor accessible bar seating, further enhancing the customer experience. An astute investor will capitalize on a rare opportunity to acquire a proven business concept & location, backed by a renovated store with a recently extended lease and absolutely ZERO landlord responsibilities. The current lease runs through year end 2033 with additional options to extend thereafter and has fixed two percent(2%) annual rent increases beginning on January 1, 2025.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,450 SF
Year Built/Renovated
2015/2024
Price
$3,650,000
Price Per SF
$490
Cap Rate
6.85%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.94 AC
Opportunity Zone
Yes
Zoning
B3R3
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 257-03-021 | Improvements Assessment | $2,264,000 |
Land Assessment | $611,000 | Total Assessment | $2,875,000 |
PROPERTY TAXES
Parcel Number
257-03-021
Land Assessment
$611,000
Improvements Assessment
$2,264,000
Total Assessment
$2,875,000
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3812 Wards Rd
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