284 N Main St

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Kilmarnock, Virginia. Atlantic Union Bank is currently operating on a long-term NNN lease through September 2040, with approximately 14 years of remaining term. The subject lease presents zero landlord responsibilities. Additionally, there are 1.50% annual rent escalations throughout the remaining primary term and two 5-year renewal options with 2.00% annual rent increases. The lease is backed by a corporate guarantee from Atlantic Union Bankshares Corporation (NYSE: AUB), the largest bank headquartered in Virginia. Atlantic Union Bank maintains a KBRA: A- investment grade credit rating. The 5,476 square-foot building is situated along N. Main Street (Route 3), Kilmarnock’s primary commercial corridor carrying approximately 11,000 vehicles per day, and benefits from its position in the heart of the Northern Neck’s dominant retail trade area. The property is within approximately one-quarter mile of Food Lion, a Walmart Supercenter, and Dollar General, creating a strong daily-needs co-tenancy that drives consistent traffic to the corridor. Rappahannock General Hospital - a 76-bed critical access hospital and the Northern Neck’s primary acute-care facility - is located less than half a mile from the property. Known as the “Broadway of the Northern Neck,” Kilmarnock is the primary retail, healthcare, and service hub for Lancaster and su