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Aaron's 102 Dominion Dr 10,228 SF Retail Building Emporia, VA 23847 $1,390,000 ($135.90/SF) 9.06% Cap Rate
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 User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,228 SF
Building Class
C
Year Built
2007
Price
$1,390,000
Price Per SF
$135.90
Cap Rate
9.06%
NOI
$126,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.83 AC
Zoning
AA4 - commercial
Parking
50 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
166’ on Dominion Dr
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101A0103 | Improvements Assessment | $735,400 |
| Land Assessment | $411,300 | Total Assessment | $1,146,700 |
Property Taxes
Parcel Number
101A0103
Land Assessment
$411,300
Improvements Assessment
$735,400
Total Assessment
$1,146,700
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Aaron's | 102 Dominion Dr