95 Dominion DrFarmville, VA 23901

Property Details for 95 Dominion Dr

Year built

2024

Lot size

2.14 AC

Property size (Sq ft)

15,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 15,500 square foot retail building situated on a 2.136-acre lot in Farmville, Virginia. The property, located at 95 Dominion Drive, boasts a prominent position at a signalized intersection on Highway 15 (Farmville Drive), experiencing a high daily traffic volume of approximately 12,000 vehicles. Built in 2024, the building is currently leased under a NNN (Net, Net, Net) lease with a rare 10% rent increase every five years, ensuring strong and consistent returns. The property features 78 parking spaces and is zoned C-1/HIGHWAY CORRIDOR OVERLAY (HC). With a strong Net Operating Income (NOI) of $321,780 and an attractive 5.75% cap rate, this fee-simple offering presents a compelling investment opportunity with significant upside potential. The property's exceptional location, coupled with the long-term lease and built-in rent escalations, makes it an ideal addition to any diversified real estate portfolio. The asking price is $5,596,000. APN: 051-10-2C.

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.2654

Longitude

-78.4126

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].