Single-Tenant NNN Bank
New
For Sale
Contact for pricing
134 W MAIN ST, Orange, VA 22960
The property is leased under a zero-landlord-responsibility NNN structure with corporate backing.
Property Size2,559 SF
Price / SF$309.11
Days on Market5
Property Features for 134 W MAIN ST
General Information
Standard status
Active
Size
2,559 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$49,042
Building Details
Year Built
1960
Stories
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 11:38AM
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 2,559-square-foot bank building, constructed in 1960, is occupied by Atlantic Union Bank under a long-term NNN lease. The agreement runs through September 2040, includes 1.50% annual increases during the primary term, and provides two 5-year renewal options with 2.00% annual increases. The lease carries a corporate guarantee from Atlantic Union Bankshares Corporation and has zero landlord responsibilities.
The property is located on West Main Street in downtown Orange, along a corridor designated as both US Route 15 and VA Route 20. The surrounding commercial area includes Orange County’s courthouse, government offices, and civic institutions. Regional employment and visitor drivers include the L3Harris Technologies’ Aerojet Rocketdyne facility, Dogwood Village of Orange County, and James Madison’s Montpelier, approximately 4 miles away.
The property is located on West Main Street in downtown Orange, along a corridor designated as both US Route 15 and VA Route 20. The surrounding commercial area includes Orange County’s courthouse, government offices, and civic institutions. Regional employment and visitor drivers include the L3Harris Technologies’ Aerojet Rocketdyne facility, Dogwood Village of Orange County, and James Madison’s Montpelier, approximately 4 miles away.
Key Highlights
- 2,559‑square‑foot bank building constructed in 1960
- NNN lease extends through September 2040
- 1.50% annual rent escalations during the primary term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
McDonald's
Dining
19,550 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,573 visits/mo
0.3 miles
Hardee's
Dining
8,360 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,989 visits/mo
0.3 miles
Truist
Shops & Services
3,022 visits/mo
0.4 miles
Demographics for 22960, VA
11,067
Population
4,711
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
87%
High-School Grad
121.9 sq mi
ZIP Area
91
Density / Sq Mi
$79,081
Median Household Income
$41,658
Median Earnings
$1,085
Median Rent
$274,700
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?
NNN property - The property is leased under a zero-landlord-responsibility NNN structure with corporate backing.
Where is this nnn property located?
The property is located at 134 W MAIN ST Orange, VA.
What is the asking price?
The asking price for this property is $791,005.
What are key features of this property?
This property features: 2,559‑square‑foot bank building constructed in 1960; NNN lease extends through September 2040; 1.50% annual rent escalations during the primary term
