Atlantic Union Bank
New
For Sale
Contact for pricing
1174 N MAIN, Madison, VA 22727
Single-tenant banking facility with a long-term NNN lease and corporate-backed tenancy.
Property Size3,502 SF
Price / SF$304.04
Days on Market7
Property Features for 1174 N MAIN
General Information
Standard status
Active
Size
3,502 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$66,013
Building Details
Year Built
1980
Stories
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 10
Last Checked: Aug 10 at 9:42AM
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 3,502-square-foot bank branch at 1174 N. Main Street was built in 1980 and is occupied by Atlantic Union Bank. The property is subject to a long-term NNN lease extending through September 2040, with no landlord responsibilities identified in the lease structure. Contractual rent increases include 1.50% annually during the primary term, followed by two 5-year renewal options with 2.00% annual increases. The lease is supported by a corporate guarantee from Atlantic Union Bankshares Corporation, and the tenant carries a KBRA: A- investment grade credit rating.
The branch fronts N. Main Street, also designated US-29 Business, along Madison’s primary commercial corridor. Nearby retail includes Madison Plaza, a Food Lion-anchored shopping center, as well as Dollar General and Sheetz along the same corridor. The property is approximately 24 miles northeast of Charlottesville and serves a trade area connected to Madison County, Shenandoah National Park, agritourism, and Virginia wine country.
The branch fronts N. Main Street, also designated US-29 Business, along Madison’s primary commercial corridor. Nearby retail includes Madison Plaza, a Food Lion-anchored shopping center, as well as Dollar General and Sheetz along the same corridor. The property is approximately 24 miles northeast of Charlottesville and serves a trade area connected to Madison County, Shenandoah National Park, agritourism, and Virginia wine country.
Key Highlights
- 3,502‑square‑foot Atlantic Union Bank branch built in 1980
- Long‑term NNN lease runs through September 2040
- 1.50% annual rent escalations during the remaining primary term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
9,465 visits/mo
0.3 miles
Wells Fargo
Shops & Services
2,867 visits/mo
0.1 miles
Jones Auto Parts, Inc
Shops & Services
507 visits/mo
0.2 miles
Demographics for 22727, VA
5,495
Population
2,509
Households
2.2
Avg Household Size
47
Median Age
28%
College-Educated
89%
High-School Grad
106.3 sq mi
ZIP Area
52
Density / Sq Mi
$70,694
Median Household Income
$33,846
Median Earnings
$1,074
Median Rent
$350,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant banking facility with a long-term NNN lease and corporate-backed tenancy.
Where is this bank located?
The property is located at 1174 N MAIN Madison, VA.
What is the asking price?
The asking price for this property is $1,064,734.
What are key features of this property?
This property features: 3,502‑square‑foot Atlantic Union Bank branch built in 1980; Long‑term NNN lease runs through September 2040; 1.50% annual rent escalations during the remaining primary term
