Single-Tenant NNN Bank
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7 BANK RD, Washington, VA
Freestanding bank facility leased on a long-term absolute NNN basis with corporate credit support.
Property Size9,478 SF
Price / SF$354.91
Days on Market7
Property Features for 7 BANK RD
General Information
Standard status
Active
Size
9,478 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$213,606
Building Details
Year Built
2003
Stories
2
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 10 at 11:51AM
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 9,478-square-foot bank building was constructed in 2003 and is occupied by Atlantic Union Bank under a long-term NNN lease extending through September 2040. The lease provides approximately 14 years of remaining term, includes 1.50% annual rent increases during the primary term, and places no landlord responsibilities on ownership. Two additional five-year renewal options carry 2.00% annual increases.
The property is located at 7 Bank Road in Washington, Virginia, the county seat of Rappahannock County. Washington is approximately 70 miles west of Washington, D.C., with access via I-66 and US Route 211. Rappahannock County adjoins Shenandoah National Park and Skyline Drive and includes 9 wineries. The five-mile trade area has an average household income of approximately $129,000.
The property is located at 7 Bank Road in Washington, Virginia, the county seat of Rappahannock County. Washington is approximately 70 miles west of Washington, D.C., with access via I-66 and US Route 211. Rappahannock County adjoins Shenandoah National Park and Skyline Drive and includes 9 wineries. The five-mile trade area has an average household income of approximately $129,000.
Key Highlights
- 9,478‑square‑foot bank building constructed in 2003
- Atlantic Union Bank lease runs through September 2040, with approximately 14 years remaining
- NNN lease structure provides zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding bank facility leased on a long-term absolute NNN basis with corporate credit support.
Where is this nnn property located?
The property is located at 7 BANK RD Washington, VA.
What is the asking price?
The asking price for this property is $3,363,881.
What are key features of this property?
This property features: 9,478‑square‑foot bank building constructed in 2003; Atlantic Union Bank lease runs through September 2040, with approximately 14 years remaining; NNN lease structure provides zero landlord responsibilities
