This property has sold.

Details: Retail

Asking Price: $3,760,000

Square Feet: 82,404 SF

Asking Cap Rate: 9.75%

NOI: $366,525

SOLD – Timberlake Station

7701 Timberlake Road, Lynchburg, VA

Timberlake Station is a 82,404sf shopping center located in Lynchburg, VA at the intersection of Timberlake Rd and Old Graves Mill Rd, which boasts a traffic count of 42,000 cars daily.  The center is anchored by Harbor Freight Tools, Family Dollar, and Workout Anytime (who was recently signed to a 10 year lease).  Additionally, Tropical Smoothie Cafe and Papa Johns in single tenant buildings on outparcels.  Timberlake Station is located next door to a Kroger anchored center, the largest grocer servicing the trade area.


  • 69% of tenants are national or regional retailers
  • New lease-up by Workout Anytime at over 3x the former tenant’s rent demonstrates a healthy leasing environment
  • Long term historical occupancy by primary tenants with Family Dollar tenancy of over 23 years and Harbor Freight over 13 years
  • Shadow Center to the markets dominant Kroger
  • Over 600 apartment units nearby with 300 additional units under construction
  • Great visibility from Timberlake Dr
  • Population of Lynchburg expected to grow by over 18% over the next 20 years
  • Over 42,000 cars daily at the Timberlake Rd. / Old Graves Rd. intersection

This property has sold.