95 Dominion Dr Farmville, VA 23901
- Retail properties
- 15,500 SF
- 2.14 lot acres
Current Use by Public Records
- Retail properties
Property Details for 95 Dominion Dr
- Year built
- 2024
- Lot size
- 2.14 lot acres
- Property size
- 15,500 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmville
- County
- Prince Edward
- State
- Virginia
- Longitude
- -78.4126
- Latitude
- 37.2654
