The nondestructive characterization of cylindrical objects is needed in many fields, such as medical diagnostics, tree trunk inspection, or concrete column testing. In this study, the radar equation of Lambot et al. is combined with cylindrical Green’s functions to fully model and invert ultra-wideband (UWB) ground-penetrating radar (GPR) data and retrieve the properties of cylindrical objects. Inversion is carried out using a lookup table (LUT) approach followed by local optimization to ensure retrieval of the global minimum of the objective function. Numerical experiments were conducted to analyze the capabilities of the developed inversion procedure to estimate the radius, permittivity, and conductivity of the cylinders. The full-wave model was validated in laboratory conditions on metallic and plastic pipes of different sizes. The adopted radar system consists of a lightweight vector network analyzer (VNA) connected to a single transmitting and receiving horn antenna. The numerical experiments highlighted the complexity of the inverse problem, mainly originating from the multiple propagation modes within cylindrical objects. The laboratory measurements demonstrated the accuracy of the forward modeling and reconstructions in far-field conditions.