Single-Tenant NNN Bank
For Sale
Contact for pricing
17191 KINGS HWY, Montross, VA 22520
Established branch facility with a long-term corporate-backed lease and no landlord responsibilities.
Property Size2,821 SF
Price / SF$280.38
Days on Market8
Property Features for 17191 KINGS HWY
General Information
Standard status
Active
Size
2,821 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$49,435
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1993
Stories
1
Units
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 3
Last Checked: Aug 3 at 10:44AM
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 2,821-square-foot bank branch was built in 1993 and is occupied by Atlantic Union Bank under a single-tenant NNN lease. The agreement runs through September 2040, includes 1.50% annual rent increases during the primary term, and provides one five-year renewal option with 2.00% annual escalations. The lease carries zero landlord responsibilities and is supported by a corporate guarantee from Atlantic Union Bankshares Corporation. Atlantic Union Bank has a KBRA A- investment grade credit rating.
The property fronts King’s Highway, also designated Virginia Route 3, within Montross’s established commercial corridor. Nearby businesses include Food Lion, Dollar General, and local dining and service operators. The surrounding trade area includes approximately 4,074 residents within five miles, while Montross serves as the Westmoreland County seat.
The property fronts King’s Highway, also designated Virginia Route 3, within Montross’s established commercial corridor. Nearby businesses include Food Lion, Dollar General, and local dining and service operators. The surrounding trade area includes approximately 4,074 residents within five miles, while Montross serves as the Westmoreland County seat.
Key Highlights
- 2,821‑square‑foot bank branch constructed in 1993
- Single‑tenant NNN lease runs through September 2040
- Zero landlord responsibilities under the current lease
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
BP
Shops & Services
5,207 visits/mo
0.2 miles
Citgo
Shops & Services
4,628 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
1,269 visits/mo
0.1 miles
SUBWAY
Dining
655 visits/mo
0.1 miles
Demographics for 22520, VA
5,659
Population
2,996
Households
1.9
Avg Household Size
52
Median Age
20%
College-Educated
85%
High-School Grad
96.5 sq mi
ZIP Area
59
Density / Sq Mi
$69,063
Median Household Income
$46,760
Median Earnings
$968
Median Rent
$242,700
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?
Bank - Established branch facility with a long-term corporate-backed lease and no landlord responsibilities.
Where is this bank located?
The property is located at 17191 KINGS HWY Montross, VA.
What is the asking price?
The asking price for this property is $790,954.
What are key features of this property?
This property features: 2,821‑square‑foot bank branch constructed in 1993; Single‑tenant NNN lease runs through September 2040; Zero landlord responsibilities under the current lease
