Single-Tenant Bank
For Sale
Contact for pricing
124 MAIN ST, Lovingston, VA 22949
One bank occupant operates under a long-term NNN lease with no landlord responsibilities.
Property Size2,674 SF
Price / SF$635.02
Days on Market10
Property Features for 124 MAIN ST
General Information
Standard status
Active
Size
2,674 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$106,128
Additional Details
Traffic Count
18,000 vehicles/day
Building Details
Year Built
1975
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
The Boulder Group
(888) 737-2264
Listed By:
Jimmy Goodman · License #IL 471007006
Source:
Crexi
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 5 at 12:25PM
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 2,674-square-foot bank building, constructed in 1975, is occupied by Atlantic Union Bank under a long-term NNN lease extending through September 2040. The agreement provides approximately 14 years of remaining primary term, 1.50% annual rent escalations, and two 5-year renewal options with 2.00% annual increases. Landlord responsibilities are identified as zero, and the lease carries a corporate guarantee from Atlantic Union Bankshares Corporation. Atlantic Union Bank holds a KBRA: A- investment grade credit rating.
The property fronts US Route 29 in Lovingston, a county-seat community positioned along central Virginia’s primary north-south corridor. Traffic through the area is approximately 18,000 vehicles per day. Lovingston is situated approximately 30 miles south of Charlottesville and 30 miles north of Lynchburg. The surrounding trade area includes rural tourism destinations and reports approximately $91 million in annual visitor spending, while average household income within one mile is approximately $121,000.
The property fronts US Route 29 in Lovingston, a county-seat community positioned along central Virginia’s primary north-south corridor. Traffic through the area is approximately 18,000 vehicles per day. Lovingston is situated approximately 30 miles south of Charlottesville and 30 miles north of Lynchburg. The surrounding trade area includes rural tourism destinations and reports approximately $91 million in annual visitor spending, while average household income within one mile is approximately $121,000.
Key Highlights
- 2,674‑square‑foot bank building constructed in 1975
- Atlantic Union Bank lease runs through September 2040 with approximately 14 years remaining
- 1.50% annual rent escalations during the primary term
Property Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,275 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,013 visits/mo
0.1 miles
Truist
Shops & Services
2,813 visits/mo
0.5 miles
Fisher Auto Parts
Shops & Services
2,796 visits/mo
0.4 miles
Demographics for 22949, VA
1,322
Population
758
Households
1.7
Avg Household Size
51
Median Age
30%
College-Educated
86%
High-School Grad
40.3 sq mi
ZIP Area
33
Density / Sq Mi
$50,234
Median Household Income
$41,375
Median Earnings
$259,100
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?
NNN property - One bank occupant operates under a long-term NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 124 MAIN ST Lovingston, VA.
What is the asking price?
The asking price for this property is $1,698,041.
What are key features of this property?
This property features: 2,674‑square‑foot bank building constructed in 1975; Atlantic Union Bank lease runs through September 2040 with approximately 14 years remaining; 1.50% annual rent escalations during the primary term
