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32752678
32752674

14039 Wards Road, Lynchburg, VA 24501 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$6,900,000
60 days on market
Updated 5 days ago

Wawa | Ground Lease

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,915
Cap Rate 5.00%
NOI $345,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2045
Remaining Term 19.3
Rent Bumps Yes
Lease Options Six, 5-Year
Price per SqFt $1,167
Broker Co-Op True
Year Built 2025
Acreage 2.740
Parking Spaces 57 spaces
Parking per 1,000 SqFt 9.64
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/23/2025
Ground Lease Yes

Absolute Net Lease | Zero Landlord Responsibilities | Corporate Lease

Investment highlights

• Absolute net ground lease | Zero landlord responsibilities

• New 2025 construction

• Desirable lease term | 19.5 years remaining

• Corporate lease | Wawa, Inc. | 1,212 locations across the US

• Strong population growth within 1-mile | 31.81% from 2010-2025

• Signalized corner intersection | Hwy 29 & Lawyers Rd | 34,800 VPD combined

• Large parcel | 2.74 acres

• Stable projected population growth over the next 5 years | 9.90% growth within a 1-mile radius

• 15 minutes from Centra Lynchburg General Hospital | 358 beds

• 5 minutes from Liberty University | 16,000 students

• 15 minutes from University of Lynchburg | 2,500 students

• 10 minutes from Heritage High School | 1,080 students

• 5 minutes from Lynchburg Regional Airport

• Nearby destination retailers | Walmart Supercenter, Target, Sam’s Club, ALDI, Kroger, Kohl’s, Ross, Burlington, Old Navy, PetSmart, Texas Roadhouse, LongHorn Steakhouse, Buffalo Wild Wings, Chili’s,

Cracker Barrel, Mission BBQ, Chick-fil-A, McDonald’s, Starbucks, Dunkin’, Zaxby’s, Jersey Mike’s, Subway, Firehouse Subs, Five Guys, Wingstop, Panda Express, Crumbl, Sheetz, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$345,000.00
$28,750.00/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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