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Aaron's 102 Dominion Dr 10,228 sq ft Retail Property Emporia, VA 23847 £1,114,565 (£108.97/sq ft) 8.46% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located along one of the primary retail corridors in Lynchburg, VA
- Approximately 100,000 residents within a 5-mile radius
- In close proximity to other major retailers and benefits from positive retail synergy for the brand.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Standalone
Property Size
10,228 sq ft
Costar Property Class
C
Year Built
2007
Price
£1,114,565
Price per sq ft
£108.97
Yield
8.46%
NOI
£94,252
Tenancy
Single
Number of Floors
1
Plot ratio
0.13
Total Plot Size
1.83 ac
Use Class
AA4 - commercial
Parking
50 Spaces (4.89 Spaces per 1,000 sq ft Leased)
Frontage
166 ft on Dominion Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 101A0103 | Improvements Assessment | £563,052 |
| Land Assessment | £314,908 | Total Assessment | £877,959 |
PROPERTY TAXES
Parcel Number
101A0103
Land Assessment
£314,908
Improvements Assessment
£563,052
Total Assessment
£877,959
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Aaron's | 102 Dominion Dr
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