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    102 Dominion Dr Emporia, VA 23847

    Sponsored
    For Sale
    $1,399,000

    High-Cap Rate Aaron's Furniture Store

    Property size:
    10,228 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 102 Dominion Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,228 SF
    Lot Size
    79,715 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • Fee‑simple 10,228 SF Aaron's Furniture storefront in Emporia, VA.
    • 1.83‑acre lot with 50 parking spaces, co‑located with Walmart.
    • NN lease with corporate guarantee expiring 12/31/2025, with one renewal option to 1/31/2031.
    • $1,399,000 asking price; $161/SF; 9.44% cap rate based on $132,000 NOI.
    • Single‑story building, AA4 zoning, HVAC replaced June 2023; Landlord responsible for roof, HVAC, and parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aaron's Rent To Own Electronics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Emporia
    County
    Emporia City
    State
    Virginia
    Longitude
    -77.5470301
    Latitude
    36.7042354

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    FAQs

    What type of property is this?
    Individual retail property - High-Cap Rate Aaron's Furniture Store
    Where is this individual retail property located?
    The property is located at 102 Dominion Dr Emporia, VA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Fee-simple 10,228 SF Aaron's Furniture storefront in Emporia, VA.; 1.83-acre lot with 50 parking spaces, co-located with Walmart.; NN lease with corporate guarantee expiring 12/31/2025, with one renewal option to 1/31/2031.
    Request Owner's contact information
    102 Dominion Dr Emporia, VA 23847
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    Emporia, VA 23847
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Dominion Dr Emporia, VA 23847
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