SOLD – Timberlake Station

7701 Timberlake Road, Lynchburg, VA

THE OPPORTUNITY

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.

THE HIGHLIGHTS

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.