NNN Bank
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For Sale
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50 W MAIN ST, Radford, VA 24141
Single-tenant banking facility under a long-term NNN lease with no landlord responsibilities.
Property Size8,750 SF
Price / SF$365.35
Days on Market5
Property Features for 50 W MAIN ST
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$191,810
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1988
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group
(888) 737-2264
Listed By:
Jimmy Goodman · License #IL 471007006
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 4:50AM
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 bank building contains 8,750 square feet and was constructed in 1988. The property is leased on a long-term NNN basis through September 2040, with zero landlord responsibilities. Contractual rent increases include 1.50% annually during the primary term, followed by two 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 carries a KBRA: A- investment grade credit rating.
The building occupies a signalized intersection along West Main Street in Radford’s central commercial corridor. West Main Street records approximately 23,000 vehicles per day, while combined traffic at West Main Street and Lee Highway exceeds approximately 45,000 vehicles per day. Interstate 81 is approximately five miles east. Radford University is approximately one mile away, and Carilion New River Valley Medical Center is approximately two miles from the property.
The building occupies a signalized intersection along West Main Street in Radford’s central commercial corridor. West Main Street records approximately 23,000 vehicles per day, while combined traffic at West Main Street and Lee Highway exceeds approximately 45,000 vehicles per day. Interstate 81 is approximately five miles east. Radford University is approximately one mile away, and Carilion New River Valley Medical Center is approximately two miles from the property.
Key Highlights
- 8,750‑square‑foot bank building constructed in 1988
- Long‑term NNN lease runs through September 2040
- Zero landlord responsibilities under the current lease structure
Property Analytics
Current Use
Lease Details
45,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 3%
Dollar General
Shops & Services
6,391 visits/mo
0.3 miles
U-Haul
Shops & Services
2,703 visits/mo
0.0 miles
Ferguson
Home Improvements & Furnishings
270 visits/mo
0.5 miles
Demographics for 24141, VA
20,308
Population
10,043
Households
2
Avg Household Size
34
Median Age
41%
College-Educated
94%
High-School Grad
65.6 sq mi
ZIP Area
310
Density / Sq Mi
$60,503
Median Household Income
$31,330
Median Earnings
$999
Median Rent
$230,000
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 - Single-tenant banking facility under a long-term NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 50 W MAIN ST Radford, VA.
What is the asking price?
The asking price for this property is $3,196,831.
What are key features of this property?
This property features: 8,750‑square‑foot bank building constructed in 1988; Long‑term NNN lease runs through September 2040; Zero landlord responsibilities under the current lease structure
