540-336-1945
114 Sandy Ct, Danville, VA for Sale
Restaurant - FOR SALE
1/4
null | Request Cap Rate

114 Sandy Ct
Danville, VA 24541


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

HRC

APN/PARCEL ID

60414

ASK ABOUT THIS PROPERTY

Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

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Jay O'DonnellColliers | VirginiaMore Info
540-336-1945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.