Single-Tenant Bank
For Sale
Contact for pricing
14915 FOREST RD, Forest, VA 24551
Long-term net lease structure includes annual increases and no landlord responsibilities.
Property Size5,526 SF
Price / SF$457.81
Days on Market27
Property Features for 14915 FOREST RD
General Information
Standard status
Active
Size
5,526 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$151,792
Site & Location
Anchor Co-Tenants
Kroger, McDonald's, Taco Bell, Bojangles
Traffic Count
34,700 vehicles/day
Building Details
Year Built
2005
Buildings
1
Stories
2
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 29
Last Checked: Aug 29 at 4:21PM
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.
Built in 2005, this 5,526-square-foot bank building is occupied by Atlantic Union Bank under a long-term NNN lease extending through September 2040, with approximately 14 years remaining on the primary term. The structure provides for 1.50% annual rent escalations, two 5-year renewal options with 2.00% annual increases, and no landlord responsibilities. Lease credit support includes a corporate guarantee from Atlantic Union Bankshares Corporation, and the tenant carries a KBRA: A- investment grade credit rating.
The property fronts Forest Road (US Route 221), where approximately 34,700 vehicles per day pass the signalized intersection with Perrowville Road. It serves as an outparcel to Forest Square Shopping Center, a Kroger-anchored community center with McDonald’s, Taco Bell, and Bojangles among its co-tenants. Additional corridor retailers include CVS, Walmart Neighborhood Market, and Tractor Supply. The site is approximately 10 miles south of downtown Lynchburg and within approximately 7 miles of Lynchburg Regional Airport, with more than 58,000 residents and an average household income of approximately $106,000 within five miles.
The property fronts Forest Road (US Route 221), where approximately 34,700 vehicles per day pass the signalized intersection with Perrowville Road. It serves as an outparcel to Forest Square Shopping Center, a Kroger-anchored community center with McDonald’s, Taco Bell, and Bojangles among its co-tenants. Additional corridor retailers include CVS, Walmart Neighborhood Market, and Tractor Supply. The site is approximately 10 miles south of downtown Lynchburg and within approximately 7 miles of Lynchburg Regional Airport, with more than 58,000 residents and an average household income of approximately $106,000 within five miles.
Key Highlights
- 5,526‑square‑foot bank building constructed in 2005
- Atlantic Union Bank lease extends through September 2040, with approximately 14 years remaining
- NNN lease includes 1.50% annual escalations and two 5‑year renewal options with 2.00% annual increases
Property Analytics
Property Profile
Current Use
Lease Details
34,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 24551, VA
25,601
Population
10,844
Households
2.4
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
74.2 sq mi
ZIP Area
345
Density / Sq Mi
$91,119
Median Household Income
$49,846
Median Earnings
$1,087
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Long-term net lease structure includes annual increases and no landlord responsibilities.
Where is this bank located?
The property is located at 14915 FOREST RD Forest, VA.
What is the asking price?
The asking price for this property is $2,529,867.
What are key features of this property?
This property features: 5,526‑square‑foot bank building constructed in 2005; Atlantic Union Bank lease extends through September 2040, with approximately 14 years remaining; NNN lease includes 1.50% annual escalations and two 5‑year renewal options with 2.00% annual increases
