Timberlake Station is ideally located along a major retail corridor in Lynchburg surrounded by several neighborhoods and key national tenants including Kroger and Lowe’s.
The center consists of four separate buildings totaling 82,404 square feet and is anchored by Harbor Freight Tools, Workout Anytime, and Central Virginia Flooring. The shopping center is situated at the corner of Timberlake Rd and Old Graves Mill Rd where over 42,000 vehicles pass by daily at the intersection. The center benefits from four (4) direct points of entry into the property, three (3) of which are full access.
Retail rents in the Lynchburg market have increased nearly 3% year-over-year as vacancies have continued a downward trend to an average vacancy rate of 3.1%. Wages and employment growth have also provided upward pressure on rental rates and occupancy rates, creating a stable retail environment coupled with expected population growth of 5.5% through 2024 within a 1-mile radius of the center.