Freestanding Bank
For Sale
Contact for pricing
410 Main Street, South Boston, VA 24592
Bank facility with drive-thru service, multi-street access, and an absolute NNN lease structure.
Property Size7,857 SF
Lot Size0.80 Acres
Days on Market145
Property Features for 410 Main Street
General Information
Standard status
Active
Size
7,857 SF
Lot size
0.80 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
18,000 vehicles/day
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:16AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
The property is a 7,857-square-foot bank facility on a 0.80-acre site with three drive-thru lanes and ample parking. The building has operated as a bank since 2010 and is subject to an absolute NNN lease, placing landlord responsibilities and expenses with the tenant under the stated lease structure.
Frontage and access extend along Main Street, Factory Street, Charles Street, and Ferry Street. Main Street exposure is supported by reported daily traffic of 18,000 vehicles. The surrounding area includes restaurants, hardware stores, medical offices, and clothing retailers, with 3,367 people within 1 mile, 9,356 within 3 miles, and 13,876 within 5 miles.
The initial lease term has over 10 years remaining from its 20-year duration. Base-term rent increases are 1.5% annually, with the same increases continuing through six five-year options. The lease is corporately guaranteed by SunTrust Banks, Inc., which is rated A- by Standard & Poor's.
Frontage and access extend along Main Street, Factory Street, Charles Street, and Ferry Street. Main Street exposure is supported by reported daily traffic of 18,000 vehicles. The surrounding area includes restaurants, hardware stores, medical offices, and clothing retailers, with 3,367 people within 1 mile, 9,356 within 3 miles, and 13,876 within 5 miles.
The initial lease term has over 10 years remaining from its 20-year duration. Base-term rent increases are 1.5% annually, with the same increases continuing through six five-year options. The lease is corporately guaranteed by SunTrust Banks, Inc., which is rated A- by Standard & Poor's.
Key Highlights
- 7,857‑square‑foot bank building on 0.80 acres
- Absolute NNN lease with no landlord responsibilities or expenses
- Over 10 years remaining on the initial 20‑year lease term
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 30%
BP
Shops & Services
2,469 visits/mo
0.2 miles
South Boston True Value
Home Improvements & Furnishings
1,064 visits/mo
0.1 miles
Demographics for 24592, VA
13,453
Population
6,821
Households
2
Avg Household Size
46
Median Age
19%
College-Educated
84%
High-School Grad
125.5 sq mi
ZIP Area
107
Density / Sq Mi
$48,655
Median Household Income
$39,465
Median Earnings
$759
Median Rent
$156,100
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?
NNN property - Bank facility with drive-thru service, multi-street access, and an absolute NNN lease structure.
Where is this nnn property located?
The property is located at 410 Main Street South Boston, VA.
What are key features of this property?
This property features: 7,857‑square‑foot bank building on 0.80 acres; Absolute NNN lease with no landlord responsibilities or expenses; Over 10 years remaining on the initial 20‑year lease term
