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1459-1461 S Boston Rd
Danville, VA 24540
Retail Property For Sale
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
59,410 SF
Building Class
C
Year Built/Renovated
1985/2025
NOI
$679,859 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
6.15 AC
Zoning
B-2 - Business
Parking
289 Spaces (4.86 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 76416 | Improvements Assessment | $3,818,216 CAD |
| Land Assessment | $560,542 CAD | Total Assessment | $4,378,758 CAD |
Property Taxes
Parcel Number
76416
Land Assessment
$560,542 CAD
Improvements Assessment
$3,818,216 CAD
Total Assessment
$4,378,758 CAD
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