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95 Dominion Dr Farmville, VA 23901

Sponsored
For Sale
$5,596,000

High-yield NNN retail property, prime location.

Property size:
15,500 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a brand-new, 15,500 square foot retail building situated on a 2.136-acre lot in Farmville, Virginia. The property, located at 95 Dominion Drive, boasts a prominent position at a signalized intersection on Highway 15 (Farmville Drive), experiencing a high daily traffic volume of approximately 12,000 vehicles. Built in 2024, the building is currently leased under a NNN (Net, Net, Net) lease with a rare 10% rent increase every five years, ensuring strong and consistent returns. The property features 78 parking spaces and is zoned C-1/HIGHWAY CORRIDOR OVERLAY (HC). With a strong Net Operating Income (NOI) of $321,780 and an attractive 5.75% cap rate, this fee-simple offering presents a compelling investment opportunity with significant upside potential. The property's exceptional location, coupled with the long-term lease and built-in rent escalations, makes it an ideal addition to any diversified real estate portfolio. The asking price is $5,596,000. APN: 051-10-2C.

Property Features for 95 Dominion Dr

General Information

Property type
Retail properties
Square Feet
15,500 SF
Lot Size
93,044 SF

Building Details

Year Built
2024

HighLights

  • $5,596,000 asking price for this brand‑new 2024‑built retail property.
  • NNN lease structure in place.
  • 15,500 square foot building on a 2.136‑acre lot with 78 parking spaces.
  • 5.75% cap rate with a $321,780 NOI.
  • Located at a signalized intersection on Hwy 15 (Farmville Dr) with 12,000 vehicles per day.
  • 5‑year NNN lease with rare 10% rent increases every 5 years.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Food Market Bar & Pub Storage Facility

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

Location Insight

  • Map
  • Local Demand
City
Farmville
County
Prince Edward
State
Virginia
Longitude
-78.4126395
Latitude
37.2653721

FAQs

What type of property is this?
Retail property - High-yield NNN retail property, prime location.
Where is this retail property located?
The property is located at 95 Dominion Dr Farmville, VA.
What is the asking price?
The asking price for this property is $5,596,000.
What are key features of this property?
This property features: $5,596,000 asking price for this brand-new 2024-built retail property.; NNN lease structure in place.; 15,500 square foot building on a 2.136-acre lot with 78 parking spaces.
More about this property
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