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Covington, VA NNN Properties for Sale

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Hot Springs, VA Low Moor, VA Eagle Rock, VA Clifton Forge, VA White Sulphur Springs, WV Caldwell, WV Lewisburg, WV Warm Springs, VA
Atlantic Union Bank Branch
Updated: Aug 5
Atlantic Union Bank Branch

450 W MAIN ST, Covington, VA 24426

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10,234 sqft
10,234‑square‑foot bank building constructed in 1979
NNN lease extends through September 2040 with approximately 14 years remaining
1.50% annual rent escalations during the primary lease term
Two 5‑year renewal options include 2.00% annual rent increases
Corporate guarantee from Atlantic Union Bankshares Corporation
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1 active listing matches your search: NNN for sale in Covington, VA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Stand-Alone Retail Building with Kitchen
Stand-Alone Retail Building with Kitchen

201 Electric Rd, Salem, VA 24153

$1,595,000
7,980 sqft 1.26 AC lot

Class A stand-alone retail building with a fully equipped kitchen on a signalized corner and ample parking.

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Fully Net Leased Office Building
Fully Net Leased Office Building

1630 Braeburn Dr, Salem, VA 24153

$1,150,000
7,400 sqft 0.43 AC lot

Single-tenant office property with a 5-year NNN lease and new interior paint and flooring throughout.

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Freestanding Absolute NNN CVS Property
Freestanding Absolute NNN CVS Property

7515 Williamson Road, Roanoke, VA 24019

Contact for pricing
11,985 sqft

Absolute NNN-leased freestanding CVS building with over 20 years of tenant operation and more than four years of firm term remaining.

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Absolute NNN Retail Property
Absolute NNN Retail Property

3348 Orange Avenue Northeast, Roanoke, VA 24012

Contact for pricing
1,033 sqft

The lease extends beyond eight years and carries a guarantee from GPM Investments.

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Covington, VA Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Covington, VA on our real estate platform. These investment opportunities span a total of 10,234 square feet of properties for sale.

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Demographics Overview

Population 14K
Population Growth (5Y) +0.2%
Median Household Income $51,841
College Educated 18.2%

Taxes & Financing

Tax Rate (average for all types) 0.85%
Property Tax per SF $5.55 per SF
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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