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Grottoes, VA NNN Properties for Sale

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Single-Tenant NNN Bank Property
Updated: Aug 5
Single-Tenant NNN Bank Property

106 SIXTH ST, Grottoes, VA 24441

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2,768 sqft
2,768‑square‑foot bank building constructed in 1968
Atlantic Union Bank lease runs through September 2040
NNN structure with zero landlord responsibilities
1.50% annual increases; two 5‑year options include 2.00% annual increases
Corporate guarantee from Atlantic Union Bankshares Corporation; KBRA A- rating
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Grottoes, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Two-Story Medical Office
Two-Story Medical Office

1947 Medical Ave, Harrisonburg, VA 22801

$2,290,000
10,950 sqft

Brick facility with multiple entrances, exam rooms, offices, and parking supports continued medical or professional use.

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Take 5 Oil Change Investment
Take 5 Oil Change Investment

2000 Rosser Avenue, Waynesboro, VA 22980

$1,283,333
1,435 sqft

NNN ground lease with escalations in Waynesboro, Virginia.

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Waynesboro Commercial Property For Sale
Waynesboro Commercial Property For Sale

430 COMMERCE AVE N, Waynesboro, VA 22980

$209,000
2,500 sqft 0.08 AC lot

Commercial property for sale in Waynesboro, leased until 2027.

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Auto Shop with NNN Lease
Auto Shop with NNN Lease

2075 East Market Street, Harrisonburg, VA 22801

$2,016,667

East Market Street service property with recurring lease escalations and franchisor guaranty.

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Grottoes, VA Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Grottoes, VA on our real estate platform. These investment opportunities span a total of 2,768 square feet of properties for sale.

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Demographics Overview

Population 6,376
Population Growth (5Y) +2.4%
Median Household Income $80,288
College Educated 20.6%

Taxes & Financing

Tax Rate (average for all types) 0.60%
Property Tax per SF $16.33 per SF
Tax Rate vs County Average 0.08 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Rockingham County

New Delisted

Total CRE Inventory on Market (SF)

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