Aaron’s
Central Emporia Retail Opportunity, On Rt. 95!
Marketing description
Offered at $1,499,000, 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 8.4% cap rate, this offering delivers a rare blend of yield and security in a sub-$1.5M price range.
Investment highlights
Recently executed Third Amendment extends Aaron’s corporate lease five additional years, solidifying income stability and lowering rollover risk.
Stable Cash Flow – $126,000 Annual NOI
Tenant pays $10,500/month on a double-net basis; landlord responsibilities limited to roof, HVAC, and parking surface.
Corporate Tenant – Aaron’s, LLC
Nationally recognized brand operating over 1,200 locations nationwide; strong retail credit and reliable payment history.
Additional 5-Year Renewal Option
Tenant retains one (1) five-year option (2031–2035) at $11,550/month ($138,600 annual), ensuring potential long-term occupancy.
Recent Capital Improvements
HVAC replaced 2023 – significantly reducing near-term maintenance exposure.
Strong Retail Corridor
166′ frontage on Dominion Dr with excellent visibility and access; 1.83 acres zoned for commercial use; ample parking (≈ 50 spaces / 4.9 per 1,000 SF).
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
