Grocery-Anchored Shopping
For Sale
Contact for pricing
1461 South Boston Road, Danville, VA 24540
Food Lion-anchored center with in-place leases and updated improvements along a major retail corridor.
Property Size59,410 SF
Days on Market105
Property Features for 1461 South Boston Road
General Information
Standard status
Active
Size
59,410 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Value Add
Net Operating Income
$488,496
Building Details
Year Renovated
2025
Stories
1
Tenancy
Multi
Listing Agency:
Legacy Realty Group Advisors, LLC
Listed By:
Jacob Baruch · License #NY
Source:
Crexi
Added: May 27
Changed: Aug 31
Last Checked: Sep 7 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Realty Group Advisors, LLC
Investment Insights
Based on property information with market context.
Cain Creek Shopping Center is a grocery-anchored retail center totaling 59,410 square feet, anchored by Food Lion. The property has been home to Food Lion for nearly four decades, and the retailer recently completed a 10-year lease renewal extending through 2035. The shopping center also features recent significant capital improvements, along with additional inline shop rents noted as below-market in place.
Located at 1461 South Boston Road in Danville, Virginia, the center is positioned along one of the area’s primary retail corridors. Public remarks describe strong visibility and surrounding national retail, with nearby economic drivers including Caesars Virginia Casino and regional healthcare, manufacturing, and logistics employers.
For buyers seeking a grocery-anchored retail asset, the lease extension with Food Lion through 2035 provides continuity at the anchor. The presence of below-market inline rents and the opportunity for leasing adjustments are also key considerations for operators evaluating how to optimize tenant mix and rental performance within the center.
Located at 1461 South Boston Road in Danville, Virginia, the center is positioned along one of the area’s primary retail corridors. Public remarks describe strong visibility and surrounding national retail, with nearby economic drivers including Caesars Virginia Casino and regional healthcare, manufacturing, and logistics employers.
For buyers seeking a grocery-anchored retail asset, the lease extension with Food Lion through 2035 provides continuity at the anchor. The presence of below-market inline rents and the opportunity for leasing adjustments are also key considerations for operators evaluating how to optimize tenant mix and rental performance within the center.
Key Highlights
- ±59,410 SF grocery‑anchored shopping center in Danville, VA along South Boston Road
- Anchored by Food Lion, operating at the site for nearly four decades
- Food Lion lease renewed for 10 years through 2035
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
119k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 34%
Groceries 25%
Hotels & Casinos 2%
McDonald's
Dining
22,105 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
21,559 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,727 visits/mo
0.4 miles
Burger King
Dining
13,317 visits/mo
0.5 miles
Hardee's
Dining
11,221 visits/mo
0.3 miles
Demographics for 24540, VA
32,094
Population
15,792
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
87%
High-School Grad
75.0 sq mi
ZIP Area
428
Density / Sq Mi
$47,207
Median Household Income
$34,621
Median Earnings
$828
Median Rent
$146,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 1461 South Boston Rd, Danville, VA 24540
Frequently Asked Questions
What type of property is this?
Shopping center - Food Lion-anchored center with in-place leases and updated improvements along a major retail corridor.
Where is this shopping center located?
The property is located at 1461 South Boston Road Danville, VA.
What are key features of this property?
This property features: ±59,410 SF grocery‑anchored shopping center in Danville, VA along South Boston Road; Anchored by Food Lion, operating at the site for nearly four decades; Food Lion lease renewed for 10 years through 2035
