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114 Sandy Ct 5,438 SF 100% Leased Retail Building Danville, VA 24541 For Sale
Investment Highlights
- Well Positioned in the Region’s Primary Submarket
- Attractive Contract Rent Growth
- Strong Economic Growth Market
- New Construction Convenience Retail with High-End Buildouts
- Newly Built, Highly Leasable Retail in the Market’s Most Dominant Trade Area
Executive Summary
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.
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.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,438 SF
Building Class
B
Year Built
2021
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.50 AC
Zoning
HRC - Highway retail commercial
Parking
56 Spaces (10.3 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 60414 | Improvements Assessment | $1,435,638 CAD |
| Land Assessment | $309,858 CAD | Total Assessment | $1,745,496 CAD |
Property Taxes
Parcel Number
60414
Land Assessment
$309,858 CAD
Improvements Assessment
$1,435,638 CAD
Total Assessment
$1,745,496 CAD
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114 Sandy Ct
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