Cain Creek Shopping Center
Food Lion Anchored | Mark to Market | Strong Grocer Sales/Recent 10-Year Extension
Marketing description
Legacy Realty Group Advisors is pleased to exclusively offer for sale Cain Creek Shopping Center, a ±59,410 SF grocery-anchored shopping center located along South Boston Road in Danville, VA. The property is anchored by Food Lion, which has operated at the site for nearly four decades and recently completed a 10-year lease renewal through 2035.
Strategically positioned along one of Danville’s primary retail corridors, the center benefits from strong visibility, surrounding national retail, and growing economic drivers including Caesars Virginia Casino, healthcare, manufacturing, and logistics employers.
Cain Creek Shopping Center offers investors stable grocery-anchored cash flow supported by a top-performing Food Lion, recent significant capital improvements, and future NOI upside through below-market in-place shop rents and mark-to-market leasing opportunities.
Investment highlights
• Top-performing Food Lion anchor with 2025 sales just shy of $21M ($557 PSF – 1.43% rent-to-sales) and a recent 10-year renewal through 2035
• Significant mark-to-market rent upside, with several tenants paying below-market rents and recent renewals demonstrating substantial rent growth
• Minimal near-term capital expenditures following recent replacement of all shop roofs, parking lot resurfacing, and Food Lion roof replacement
• Strong leasing momentum, including recent renewals and new leases with demonstrated ability to push rents to market levels
• Strategic location along South Boston Road, one of Danville’s primary commercial corridors with strong surrounding national retail presence
• Strong regional economic drivers, including Caesars Virginia Casino, advanced manufacturing, healthcare, and logistics employers supporting long-term retail demand
• Stable grocery-anchored tenant mix featuring Food Lion, Family Dollar, restaurants, service tenants, and daily-needs retail driving consistent traffic
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