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101 Piney Forest Rd
Danville, VA 24540
Kings Fairground Plaza · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Anchored by Tractor Supply and Ollie’s with long-term tenancy
- Located near U.S. 29 with 22,000+ VPD and strong retail co-tenancy
- Positioned near $650M Caesars casino resort and revitalized downtown
- In-place rents nearly 34% below market with mark-to-market upside
- 36,600 SF of large-box vacancy ideal for regional or national tenants
- Priced below replacement cost with strong downside protection
Résumé de l'annonce
Cushman & Wakefield | Thalhimer is pleased to present Kings Fairground Plaza, a 116,535 SF value-add retail center located in Danville, Virginia. The Property is 69% leased to a diverse and nationally recognized tenant lineup, including Ollie’s Bargain Outlet (NASDAQ: OLLI), Tractor Supply Co. (NASDAQ: TSCO), Dollar General (NYSE: DG), and City Electric Supply. With a weighted average remaining lease term of approximately 4.4 years and a history of long-term tenancy, the center offers durable inplace income supported by essential, traffic-driving retailers. Ollie’s and Tractor Supply serve as anchor tenants, collectively occupying over 52% of the GLA and drawing consistent daily traffic. These tenants operate under successful, proven business models that focus on discount retail and rural lifestyle goods—both highly aligned with the surrounding demographic base. Other tenants such as Dollar General and City Electric Supply complement the anchor tenancy and enhance cross-shopping activity.
Located just 0.3 miles from Central Boulevard/U.S. 29 (22,000 VPD), one of Danville’s primary commercial corridors, Kings Fairground Plaza benefits from strong visibility, high traffic counts, and close proximity to nearby regional draws, including Piedmont Mall and several national big-box retailers. Danville’s continued revitalization efforts—including industrial investment, downtown redevelopment, and the forthcoming Caesars casino resort—further bolster long-term retail fundamentals.
Located just 0.3 miles from Central Boulevard/U.S. 29 (22,000 VPD), one of Danville’s primary commercial corridors, Kings Fairground Plaza benefits from strong visibility, high traffic counts, and close proximity to nearby regional draws, including Piedmont Mall and several national big-box retailers. Danville’s continued revitalization efforts—including industrial investment, downtown redevelopment, and the forthcoming Caesars casino resort—further bolster long-term retail fundamentals.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
120 153 pi²
Classe d’immeuble
C
Année de construction
1972
Prix
6 821 305 $ CAD
Prix par pi²
56,77 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
511 364 $ CAD
Pourcentage loué
49%
Location
Multiples
Hauteur du bâtiment
1 étage
Quais de chargement
6 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,19
Taille du lot
14,83 AC
Zonage
PSC
Stationnement
489 places (4,07 places par 1 000 pi² loué)
Commodités
- Intersection avec signalisation
- Service au volant
Impôts fonciers
| Numéro de lot | 51447 | Évaluation des bâtiments | 2 193 228 $ CAD |
| Évaluation du terrain | 842 390 $ CAD | Évaluation totale | 3 035 618 $ CAD |
Impôts fonciers
Numéro de lot
51447
Évaluation du terrain
842 390 $ CAD
Évaluation des bâtiments
2 193 228 $ CAD
Évaluation totale
3 035 618 $ CAD
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