102 Dominion DrEmporia, VA 23847
- Retail properties
- 1.83 AC
Property Details for 102 Dominion Dr
- Year built
- 2007
- Lot size
- 1.83 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 101 -A -0 -103
- APU
- 101A0103
Description
This exceptional investment opportunity presents a fee-simple 10,228 square foot Aaron's Furniture storefront located at 102 Dominion Dr, Emporia, VA 23847. The property, built in 2007, sits on a 1.83-acre lot and boasts 50 parking spaces, sharing a location with a Walmart shopping center. Currently operating under a double net lease (NN) with a corporate guarantee, the tenant enjoys a lease term expiring December 31, 2025, with a remaining term of approximately 1.1 years. A single renewal option extends the lease through January 31, 2031. The asking price is $1,399,000, representing a compelling price per square foot of $161 and a strong 9.44% cap rate based on a current Net Operating Income (NOI) of $132,000. The property features a single story building with AA4 zoning. The HVAC system was replaced in June 2023. Landlord responsibilities include roof, HVAC, and parking surface maintenance. This is a rare opportunity to acquire a well-located, stable retail investment with a strong tenant and significant upside potential. 100% occupancy ensures immediate cash flow.
Location Insight
- City
- Emporia
- County
- Emporia City
- State
- Virginia
- Latitude
- 36.7046
- Longitude
- -77.5473
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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