Single-Tenant Net Leased Bank
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284 N MAIN ST, Kilmarnock, VA 22482
Single-tenant Atlantic Union Bank facility on Route 3 with a long-term NNN lease through September 2040.
Property Size5,476 SF
Price / SF$127.12
Days on Market5
Property Features for 284 N MAIN ST
General Information
Standard status
Active
Size
5,476 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
The Boulder Group
(888) 737-2264
Listed By:
Jimmy Goodman · License #IL 471007006
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 2:32PM
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.
Single-tenant net leased Atlantic Union Bank building in Kilmarnock, Virginia. The 5,476 SF property is operated under a long-term NNN lease through September 2040, with approximately 14 years of remaining term. The lease has zero landlord responsibilities and includes 1.50% annual rent escalations throughout the remaining primary term, plus two 5-year renewal options with 2.00% annual rent increases. The lease is further supported by a corporate guarantee from Atlantic Union Bankshares Corporation (NYSE: AUB), with an investment-grade KBRA: A- rating.
The building is situated along N. Main Street (Route 3), Kilmarnock’s primary commercial corridor carrying approximately 11,000 vehicles per day. It benefits from its position within the Northern Neck’s dominant retail trade area. The property is within about one-quarter mile of Food Lion, a Walmart Supercenter, and Dollar General, and Rappahannock General Hospital, a 76-bed critical access hospital, is less than half a mile away.
Built in 1990, the property provides an NNN credit-backed banking use in the heart of the Northern Neck’s retail, healthcare, and service hub.
The building is situated along N. Main Street (Route 3), Kilmarnock’s primary commercial corridor carrying approximately 11,000 vehicles per day. It benefits from its position within the Northern Neck’s dominant retail trade area. The property is within about one-quarter mile of Food Lion, a Walmart Supercenter, and Dollar General, and Rappahannock General Hospital, a 76-bed critical access hospital, is less than half a mile away.
Built in 1990, the property provides an NNN credit-backed banking use in the heart of the Northern Neck’s retail, healthcare, and service hub.
Key Highlights
- Single‑tenant Atlantic Union Bank net lease through September 2040 with ~14 years remaining
- NNN lease with zero landlord responsibilities plus 1.50% annual rent escalations
- Two five‑year renewal options with 2.00% annual rent increases
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 18%
Home Improvements & Furnishings 16%
Hotels & Casinos 2%
McDonald's
Dining
17,467 visits/mo
0.3 miles
Wendy's
Dining
10,034 visits/mo
0.3 miles
Horn's Northern Neck Ace
Home Improvements & Furnishings
5,791 visits/mo
0.4 miles
SUBWAY
Dining
4,057 visits/mo
0.1 miles
BP
Shops & Services
3,279 visits/mo
0.3 miles
Demographics for 22482, VA
2,794
Population
2,152
Households
1.3
Avg Household Size
62
Median Age
35%
College-Educated
89%
High-School Grad
30.4 sq mi
ZIP Area
92
Density / Sq Mi
$49,733
Median Household Income
$43,657
Median Earnings
$815
Median Rent
$347,600
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 Atlantic Union Bank facility on Route 3 with a long-term NNN lease through September 2040.
Where is this bank located?
The property is located at 284 N MAIN ST Kilmarnock, VA.
What is the asking price?
The asking price for this property is $696,084.
What are key features of this property?
This property features: Single‑tenant Atlantic Union Bank net lease through September 2040 with ~14 years remaining; NNN lease with zero landlord responsibilities plus 1.50% annual rent escalations; Two five‑year renewal options with 2.00% annual rent increases
