Single-Tenant Bank
22468 LANKFORD HWY, Cape Charles, VA 23310
For Sale
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Corporate-guaranteed banking facility with a long-term NNN lease and established commercial corridor access.
Property Size3,646 SF
Price / SF$468.74
Days on Market102
Property Features for 22468 LANKFORD HWY
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Abandoned
Listing Agency:
The Boulder Group
Listed By:
Jimmy Goodman · License IL #471007006
(847) 562-8500
Source:
Crexi
Added: Aug 5
Changed: Nov 12
Last Checked: Nov 12 at 7:03AM
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
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Investment Insights
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This single-tenant bank property comprises a 3,646 square-foot building constructed in 2008 and occupied by Atlantic Union Bank. The lease is structured as NNN through September 2040, with approximately 14 years remaining in the primary term and zero landlord responsibilities. Contractual rent escalations include 1.50% annually during the primary term, followed by three 5-year renewal options carrying 2.00% annual increases. The lease is supported by a corporate guarantee from Atlantic Union Bankshares Corporation, and the tenant has a KBRA: A- investment grade credit rating.
The property fronts US-13/Lankford Highway in Cape Charles, Virginia, and is adjacent to Cape Charles Shopping Center, a 40,900 square-foot retail center anchored by Food Lion. Dollar Tree is also located along the same commercial corridor. Norfolk International Airport is approximately 40 miles away via the Chesapeake Bay Bridge-Tunnel.
The property fronts US-13/Lankford Highway in Cape Charles, Virginia, and is adjacent to Cape Charles Shopping Center, a 40,900 square-foot retail center anchored by Food Lion. Dollar Tree is also located along the same commercial corridor. Norfolk International Airport is approximately 40 miles away via the Chesapeake Bay Bridge-Tunnel.
Key Highlights
- 3,646 square‑foot bank building constructed in 2008
- NNN lease runs through September 2040 with approximately 14 years remaining
- Zero landlord responsibilities during the primary lease term
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Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
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Demographics for 23310, VA
5,260
Population
3,386
Households
1.6
Avg Household Size
52
Median Age
33%
College-Educated
89%
High-School Grad
65.1 sq mi
ZIP Area
81
Density / Sq Mi
$53,482
Median Household Income
$36,386
Median Earnings
$795
Median Rent
$344,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - Corporate-guaranteed banking facility with a long-term NNN lease and established commercial corridor access.
Where is this bank located?
The property is located at 22468 LANKFORD HWY Cape Charles, VA.
What is the asking price?
The asking price for this property is $1,709,026.
What are key features of this property?
This property features: 3,646 square‑foot bank building constructed in 2008; NNN lease runs through September 2040 with approximately 14 years remaining; Zero landlord responsibilities during the primary lease term
