Retail Asset with Corporate
For Sale
Contact for pricing
102 Dominion Dr, Emporia, VA 23847
Turnkey retail asset with long-term lease and income stability.
Property Size10,228 SF
Lot Size1.83 Acres
Price / SF$135.90
Days on Market1294
Property Features for 102 Dominion Dr
General Information
Standard status
Active
Size
10,228 SF
Total Parking Spaces
50
Lot size
1.83 Acres
Property subtype
Retail
Zoning
AA4
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$126,000
Building Details
Year Built
2007
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Anthony Hopkins
Listed By:
Sean Hopkins · License #VA 0225232060
Source:
Crexi
Added: Feb 16, 2023
Changed: Aug 18
Last Checked: Sep 2 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anthony Hopkins
Investment Insights
Based on property information with market context.
The property at 102 Dominion Dr is a retail asset with a corporate guarantee. The tenant, Aaron’s, LLC, 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. Aaron’s retains one additional five-year renewal option through 2035 at $138,600 annual rent. Situated on 1.83 acres with 166 feet of frontage on Dominion Drive, the 10,228 square foot building benefits from ample parking, approximately 50 spaces, and visibility, as well as proximity to regional retail and interstate access. The property features a recently replaced HVAC system from 2023. The lease structure 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.
Key Highlights
- Turnkey, income‑producing retail asset with corporate guarantee from Aaron's, LLC.
- New five‑year lease extension commencing January 1, 2026, through December 31, 2030, at $126,000 annual rent (NN).
- Excellent 8.4% cap rate in a sub-$1.5M price range.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
382k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 17%
Superstores 11%
Groceries 6%
Walmart
Superstores
40,850 visits/mo
0.3 miles
McDonald's
Dining
36,769 visits/mo
0.3 miles
Hardee's
Dining
31,312 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
28,162 visits/mo
0.3 miles
Burger King
Dining
24,678 visits/mo
0.3 miles
Demographics for 23847, VA
12,768
Population
6,406
Households
2
Avg Household Size
44
Median Age
15%
College-Educated
76%
High-School Grad
275.1 sq mi
ZIP Area
46
Density / Sq Mi
$49,644
Median Household Income
$31,527
Median Earnings
$1,010
Median Rent
$134,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey retail asset with long-term lease and income stability.
Where is this retail space located?
The property is located at 102 Dominion Dr Emporia, VA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Turnkey, income‑producing retail asset with corporate guarantee from Aaron's, LLC.; New five‑year lease extension commencing January 1, 2026, through December 31, 2030, at $126,000 annual rent (NN).; Excellent 8.4% cap rate in a sub-$1.5M price range.
