Net-Leased Bank Branch with
For Sale
Contact for pricing
2811 FALL HILL AVE, Fredericksburg, VA 22401
Single-tenant NNN lease through September 2040 with drive-through banking at a signalized Route 1 intersection.
Property Size8,814 SF
Price / SF$605.22
Days on Market28
Property Features for 2811 FALL HILL AVE
General Information
Standard status
Active
Size
8,814 SF
Property subtype
Retail, Office
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$336,070
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1998
Stories
2
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 21
Last Checked: Aug 20 at 4:40PM
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 single-tenant, net leased Atlantic Union Bank branch is situated on a long-term NNN lease with zero landlord responsibilities through September 2040, with approximately 14 years of remaining term. The lease includes 1.50% annual rent escalations throughout the remaining primary term and two 5-year renewal options with 2.00% annual rent increases. The lease is supported by a corporate guarantee from Atlantic Union Bankshares Corporation (NYSE: AUB). The property is a full-service 8,814-square-foot bank branch with drive-through banking, and it was built in 1998.
The building is positioned along Fall Hill Avenue at its signalized intersection with Route 1 (Emancipation Highway), providing immediate I-95 access. The surrounding area features significant mixed-use redevelopment, including more than 600 new residential units and a proposed specialty grocer in close proximity.
Nearby, Mary Washington Hospital—a 412-bed Level II trauma center and flagship facility for Mary Washington Healthcare—adds daytime demand and institutional stability to the corridor.
The building is positioned along Fall Hill Avenue at its signalized intersection with Route 1 (Emancipation Highway), providing immediate I-95 access. The surrounding area features significant mixed-use redevelopment, including more than 600 new residential units and a proposed specialty grocer in close proximity.
Nearby, Mary Washington Hospital—a 412-bed Level II trauma center and flagship facility for Mary Washington Healthcare—adds daytime demand and institutional stability to the corridor.
Key Highlights
- 8,814‑square‑foot Atlantic Union Bank branch built in 1998 with drive‑through banking
- Single‑tenant NNN lease through September 2040 with approximately 14 years remaining
- Zero landlord responsibilities under the lease
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 42%
Apparel 6%
Electronics 3%
Taco Bell
Dining
13,450 visits/mo
0.1 miles
Captain D's
Dining
9,606 visits/mo
0.3 miles
Wells Fargo
Shops & Services
7,784 visits/mo
0.1 miles
KFC
Dining
5,733 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,386 visits/mo
0.2 miles
Demographics for 22401, VA
27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
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 - Single-tenant NNN lease through September 2040 with drive-through banking at a signalized Route 1 intersection.
Where is this bank located?
The property is located at 2811 FALL HILL AVE Fredericksburg, VA.
What is the asking price?
The asking price for this property is $5,334,446.
What are key features of this property?
This property features: 8,814‑square‑foot Atlantic Union Bank branch built in 1998 with drive‑through banking; Single‑tenant NNN lease through September 2040 with approximately 14 years remaining; Zero landlord responsibilities under the lease
