Danville Shops
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
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