102 Dominion DrEmporia, VA 23847
- Retail space
- 1.83 AC
Property Details for 102 Dominion Dr
- Year built
- 2007
- Lot size
- 1.83 AC
- Property type
- 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
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].