Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Barnes & Noble located in Lynchburg, VA. This Barnes & Noble offers a long-term, triple net (NNN) lease recently extended at the full option rental rate with a 12 percent rent increase. The subject property is within walking distance from Liberty University, the largest university in the state of Virginia with over 110,000 students, over 30,000 of which are military students and is also just one mile from Central Virginia Community College with an enrollment of nearly 4,000 students and 234 faculty and staff. The Barnes & Noble has been in place since 2001 and is a part of Wards Crossing Shopping Center with tenants including Target, Michael’s, Best Buy, Lane Bryant, PetSmart, The UPS Store, Bed Bath & Beyond, Rack Room Shoes, Blaze Pizza and Five Guys – among others. Other surrounding national retailers include Walmart Supercenter, Sam’s Club, Kohl’s, Staples, CarMax, Kroger, Ross, Five Below, Old Navy, Burlington, Party City, Cato Fashions, Dollar Tree, Applebee’s, Texas Roadhouse, Starbucks, McDonald’s, Chick-fil-A, Chipotle, Buffalo Wild Wings and many more. The property is located on Wards Road with a daily traffic count of more than 40,000 vehicles, and off Richmond Highway with 52,000 vehicles per day, and Lynchburg Expressway with 46,000 vehicles daily.