102 Dominion Dr - Freestanding FOR SALE


Emporia, VA 23847
$1,490,000 USD
703-999-3390
102 Dominion Dr, Emporia, VA for Sale
$1,490,000 USD
Freestanding - FOR SALE
1/27
null | 8.86% Cap Rate

102 Dominion Dr
Emporia, VA 23847


HIGHLIGHTS

  • Located along one of the primary retail corridors in Lynchburg, VA
  • In close proximity to other major retailers and benefits from positive retail synergy for the brand.
  • Approximately 100,000 residents within a 5-mile radius

OVERVIEW

Stabilized Aaron’s NN Investment – Lease Extended Through 2030! 102 Dominion Dr represents a turnkey, income-producing retail asset backed by a corporate guarantee from Aaron’s, LLC. The tenant recently executed a new five-year lease extension commencing January 1, 2026 and running through December 31, 2030, at an annual rent of $126,000 NN. Aaron’s retains one additional five-year renewal option (through 2035) at $138,600 annual rent, offering investors long-term income stability. Situated on 1.83 acres with 166 feet of frontage on Dominion Drive, the 10,228 SF building benefits from ample parking (˜ 50 spaces), excellent visibility, and proximity to regional retail and interstate access. The property features a recently replaced HVAC system (2023) and a simple double-net structure that limits landlord responsibilities to roof, HVAC, and parking surface maintenance. This Emporia location has performed consistently for the tenant and serves a broad trade area drawing from I-95 and US-58 corridors. With a proven operator, extended lease term, and 8+% cap rate, this offering delivers a rare blend of yield and security in a sub-$1.5M price range.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

8.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Aaron's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

AA4

APN/PARCEL ID

101A0103

ASK ABOUT THIS PROPERTY

Sean HopkinsSamson PropertiesMore Info
703-999-3390

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Sean HopkinsSamson PropertiesMore Info
703-999-3390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.