102 Dominion DrEmporia, VA 23847

  • Retail properties
  • 1.83 AC
For Sale
$1,399,000 View listing

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.

102 Dominion Dr, Emporia, Virginia

Location Insight

City
Emporia
County
Emporia City
State
Virginia
Latitude
36.7046
Longitude
-77.5473

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,550
$411,300
$735,400
$1,146,700
-
$411,300
$735,400
$1,146,700

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