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31252052
33287754

114 Sandy Ct, Danville, VA 24541

JO
VA 0225091328
Colliers - Charlottesville, Virginia
Colliers International
Listed by Colliers - Charlottesville, Virginia, Colliers International
$2,300,000
66 days on market
Updated 0 days ago

Danville Shops

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 5,438
Net Rentable (SqFt) 5,438
Cap Rate 7.40%
NOI $169,861
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $423
Year Built 2021
Acreage 1.500
Ground Lease No

100% leased, unanchored retail strip center opportunity at center of dominant retail submarket

Marketing description

Colliers is pleased to present Danville Shops, a 100% leased, unanchored retail strip center totaling 5,438 SF, strategically located in Danville’s dominant retail submarket. The property features three food-and-beverage tenants with high-end buildouts, excellent curb appeal, and two highly desirable drive-thru end caps, creating strong long-term leasing appeal.

With NNN leases in place and two-thirds of the rent roll featuring annual rent escalations, the asset offers stable in-place income with built-in growth potential. Strategically positioned as an outparcel to the KDS Center and near major retail anchors including Walmart, Lowe’s, Sam’s Club, Target, and Food Lion, the property benefits from exceptional retail synergy. The location is also adjacent to Piedmont Regional Medical Center and approximately 1.25 miles from Caesars Virginia. The Danville market is experiencing unprecedented economic growth with several recent corporate investments, including the $750 million Caesars Virginia project which opened a permanent facility in 2024 and has produced over $386M in gaming revenue and created 1,200 jobs.

New construction, high visibility, and durable cash flow make this a standout retail investment.

Additionally, Danville shops can be purchased as a portfolio with Bennett's Creek Shops - Link - Bennett's Creek Shops

Investment highlights

  • Well Positioned in the Region’s Primary Submarket
  • New Construction Convenience Retail with High-End Buildouts
  • Attractive Contract Rent Growth
  • Newly Built, Highly Leasable Retail in the Market’s Most Dominant Trade Area
  • Strong Economic Growth Market

Listing Contacts

JO
VA 0225091328
Colliers - Charlottesville, Virginia
Colliers International
Listed by Colliers - Charlottesville, Virginia, Colliers International

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$169,861.00
$14,155.08/mo

Valuation Metrics

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DSCR
7.39%
Cap Rate
7.39%
ROI

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