Single-Tenant Bank
New
For Sale
Contact for pricing
10415 COURTHOUSE RD, Spotsylvania, VA 22553
Full-service bank facility leased on a long-term NNN basis with corporate credit support and no landlord responsibilities.
Property Size6,958 SF
Price / SF$234.89
Days on Market5
Property Features for 10415 COURTHOUSE RD
General Information
Standard status
Active
Size
6,958 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$99,697
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Giant Food, McDonald's, Burger King, Taco Bell, Starbucks, Wells Fargo
Traffic Count
42,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1985
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group
(888) 737-2264
Listed By:
Jimmy Goodman · License #IL 471007006
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
This 6,958-square-foot bank building, constructed in 1985, is occupied by Atlantic Union Bank under a long-term NNN lease extending through September 2040. The lease provides zero landlord responsibilities, 1.50% annual rent escalations during the remaining primary term, and two 5-year renewal options with 2.00% annual increases. A corporate guarantee from Atlantic Union Bankshares Corporation supports the lease, and the tenant carries a KBRA: A- investment grade credit rating.
The property fronts Courthouse Road at its signalized intersection with Leavells Road, where traffic is approximately 42,000 vehicles per day. I-95 Exit 126 is less than half a mile away, and the interstate carries approximately 150,000 vehicles per day. The site is part of the Leavells Square retail node, adjacent to a Giant Food grocery anchor and near national co-tenants at Hilltop Plaza. Cosner’s Corner Power Center is also within the broader trade area.
The property fronts Courthouse Road at its signalized intersection with Leavells Road, where traffic is approximately 42,000 vehicles per day. I-95 Exit 126 is less than half a mile away, and the interstate carries approximately 150,000 vehicles per day. The site is part of the Leavells Square retail node, adjacent to a Giant Food grocery anchor and near national co-tenants at Hilltop Plaza. Cosner’s Corner Power Center is also within the broader trade area.
Key Highlights
- 6,958‑square‑foot bank building constructed in 1985
- Atlantic Union Bank lease extends through September 2040
- Long‑term NNN lease with zero landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,258
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,105,160
$2.1M
Cap Rate 7%
$1,503,686
$1.5M
Cap Rate 9%
$1,169,533
$1.2M
Market Conditions
NOI Build-Up for 6,958 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$145.3K $20.88/SF
− Vacancy
−$4.9K −$0.71/SF
EGI
$140.3K $20.17/SF
− OpEx
−$35.1K −$5.04/SF
NOI
$105.3K $15.13/SF
Area
Spotsylvania County, VA
Vacancy
3.40%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,105,160
Cap Rate 7%
$1,503,686
Cap Rate 9%
$1,169,533
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.32M – $1.75M
NOI $105,258 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.42M
$1.24M – $1.65M
NOI $99,054 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,673 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
42,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 28%
Shops & Services 16%
Superstores 15%
Giant
Groceries
31,646 visits/mo
0.2 miles
McDonald's
Dining
26,279 visits/mo
0.1 miles
Big Lots
Superstores
17,522 visits/mo
0.5 miles
Taco Bell
Dining
10,881 visits/mo
0.1 miles
Burger King
Dining
9,259 visits/mo
0.1 miles
Demographics for 22553, VA
16,476
Population
5,891
Households
2.8
Avg Household Size
39
Median Age
36%
College-Educated
94%
High-School Grad
43.6 sq mi
ZIP Area
378
Density / Sq Mi
$131,416
Median Household Income
$59,197
Median Earnings
$1,870
Median Rent
$438,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Full-service bank facility leased on a long-term NNN basis with corporate credit support and no landlord responsibilities.
Where is this bank located?
The property is located at 10415 COURTHOUSE RD Spotsylvania, VA.
What is the asking price?
The asking price for this property is $1,634,382.
What are key features of this property?
This property features: 6,958‑square‑foot bank building constructed in 1985; Atlantic Union Bank lease extends through September 2040; Long‑term NNN lease with zero landlord responsibilities
