LYNCHBURG, VA

4010 Wards Road, Lynchburg, VA 24502
SQF 12,727 Tenants 6

General Information:

The poperty is located at 4010 Wards Road in Lynchburg, Virginia. University Square is a 12,727/sf out-parcel retail strip center of the Wards Crossing (3967,386/sf) power center and is situated directly along the prominent Wards Road commercial corridor. University Square is 100% occupied by a dynamic mix of strong private and publicly traded tenants: Comcast/Xfinity (S&P: A-) ; Chipotle Mexican Grill, Inc. (NYSE: CMG); Wing Stop (NASQ: WING); Complete Nutrition; and Panda Express. The asset contains corporate leases with fixed rental increases and is positioned at the entrance to the major power center anchored by Target; Dick’s Sporting Goods; Best Buy and Barnes & Noble; as well as prominent junior anchors: PetSmart; Bed, Bath & Beyond; and Michael’s. Additional retailers found within the overall development included, but are not limited to: Lane Bryant; Rack Room Shoes; and Pier 1 Imports. The asset is situated between two strong freestanding restaurants which generate additional traffic to the property: Olive Garden and McDonald’s. The asset is located on one of the most vibrant retail corridors in Lynchburg, VA (Wards Road – Bus. RT 29) which sees ~36,000 vehicles per day and has direct access to major artery RT 460. The property benefits greatly from not only is direct location within a very high trafficked and vibrant retail development, but the rapid growth that has taken place in Lynchburg, having been the recipient of an over 60% increase in population since 2000. University Square is also located within direct proximity to Liberty University, with an over 19,000 full time residential student enrollment, in addition to its 100,000 online students nationally.

An astute investor will seize the opportunity to acquire an extremely well located out-parcel multi-tenant investment and utilize the current debt markets to place new long-term loan on this asset which is currently unencumbered with debt which is extremely well located; capitalizing on a 100% occupied with national restaurants and the largest tenant at the property with A rated credit.