Net-Leased Bank Branch with NNN
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For Sale
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5472 INDIAN RIVER RD, Virginia Beach, VA 23464
2,745 SF Atlantic Union Bank branch on a long-term NNN lease through September 2040 with zero landlord responsibilities.
Property Size2,745 SF
Price / SF$908.99
Days on Market4
Property Features for 5472 INDIAN RIVER RD
General Information
Standard status
Active
Size
2,745 SF
Property subtype
Retail, Office
Building Details
Year Built
1988
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 4:22PM
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.
Atlantic Union Bank net-leased branch for sale at 5472 Indian River Rd, Virginia Beach, VA. The 2,745 SF freestanding building was built in 1988 and is operated under a long-term NNN lease through September 2040, with approximately 14 years of remaining term. The lease includes zero landlord responsibilities. Rent structure features 1.50% annual rent escalations throughout the remaining primary term and two 5-year renewal options with 2.00% annual rent increases. The tenant’s obligations are supported by a corporate guarantee from Atlantic Union Bankshares Corporation (NYSE: AUB), and the company carries a KBRA: A- investment grade credit rating.
The property is positioned along Indian River Road in Virginia Beach’s established Kemps River trade area, with approximately 31,000 vehicles per day in the immediate trade area for strong visibility and access. It sits directly adjacent to Kemps River Shopping Center, a destination retail center with more than 70 tenants that includes IHOP, Panera Bread, and Outback Steakhouse. The building is opposite University Shoppes, which features Walgreens, Ulta Beauty, and Starbucks. The area is supported by nearby Regent University (approximately 10,600 students), Naval Air Station Oceana (25,000 military and civilian personnel), and Sentara Virginia Beach General Hospital (273-bed regional medical facility).
Within a five-mile radius, the trade area includes more than 307,000 residents with an average household income of approximately $105,000, contributing to consistent daytime banking demand.
The property is positioned along Indian River Road in Virginia Beach’s established Kemps River trade area, with approximately 31,000 vehicles per day in the immediate trade area for strong visibility and access. It sits directly adjacent to Kemps River Shopping Center, a destination retail center with more than 70 tenants that includes IHOP, Panera Bread, and Outback Steakhouse. The building is opposite University Shoppes, which features Walgreens, Ulta Beauty, and Starbucks. The area is supported by nearby Regent University (approximately 10,600 students), Naval Air Station Oceana (25,000 military and civilian personnel), and Sentara Virginia Beach General Hospital (273-bed regional medical facility).
Within a five-mile radius, the trade area includes more than 307,000 residents with an average household income of approximately $105,000, contributing to consistent daytime banking demand.
Key Highlights
- 2,745 SF Atlantic Union Bank branch built in 1988
- Long‑term NNN lease through September 2040 with approximately 14 years remaining
- Zero landlord responsibilities under the lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
340k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 27%
Groceries 6%
Beauty & Spa 2%
Chick-fil-A
Dining
45,033 visits/mo
0.2 miles
Dollar Tree
Shops & Services
30,996 visits/mo
0.1 miles
McDonald's
Dining
20,534 visits/mo
0.2 miles
Aldi
Groceries
18,959 visits/mo
0.5 miles
Outback Steakhouse
Dining
18,625 visits/mo
0.3 miles
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
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 - 2,745 SF Atlantic Union Bank branch on a long-term NNN lease through September 2040 with zero landlord responsibilities.
Where is this bank located?
The property is located at 5472 INDIAN RIVER RD Virginia Beach, VA.
What is the asking price?
The asking price for this property is $2,495,164.
What are key features of this property?
This property features: 2,745 SF Atlantic Union Bank branch built in 1988; Long‑term NNN lease through September 2040 with approximately 14 years remaining; Zero landlord responsibilities under the lease
