Los Angeles – On behalf of its seller client, Avison Young Principals Chris Maling and David Maling of the Maling-Barnes Team and Principal Josh Peyton, are pleased to announce they have brought to market an essential, single-tenant retail property occupied by PetSmart. Located at 4026-B Ward Road in Lynchburg, VA, the 19,235 square-foot property is being offered to qualified buyers for $4.06 million with a cap rate of 6.8 percent.

“This institutional-quality asset offers a buyer all the coveted fundamentals when it comes to single-tenant retail investment in today’s economic environment,” said Chris Maling. “It features an essential tenant with 11 years remaining on its triple-net lease, no landlord responsibilities, and an excellent freeway-close location within a densely populated trade area.”

Situated on just under two acres of land, the property was built in 2001 and offers 100 surface parking spaces. It is part of the 285,000-sf Wards Crossing Shopping Center which also includes retailers such as Target, Best Buy, Barnes & Noble, Michael’s, and Bed Bath & Beyond, among others. The property is located across from Liberty University, of the Virginia’s largest universities with more than 15,000 students, and is adjacent to the U.S. 460/U.S. 29 freeway interchange which provides excellent visibility and access.

For additional details on the property, click here.