Atlantic Union Bank 50 W Main St 8,750 SF Retail Building Radford, VA 24141 $3,196,833 ($365.35/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Radford, 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 8,750 square-foot building is positioned along West Main Street in the heart of Radford’s central commercial corridor, which carries approximately 23,000 vehicles per day. The property bene?ts from its location at a signalized intersection with combined traffic exceeding approximately 45,000 vehicles per day at the junction of West Main Street and Lee Highway. Interstate 81 is accessible approximately ?ve miles east, providing regional connectivity throughout Southwest Virginia. Radford University, with approximately 7,800 students and an estimated $390 million annual economic impact on the New River Valley, is located approximately one mile east of the property. Carilion New River Valley Medical Center, a 146-bed Level III trauma center, is situated approximately two miles from the property, anchoring a major regional healthcare cluster and providing a steady stream of medical professionals and patients to the trade area. There are more than 26,600 residents within a ?ve-mile radius of the property with an average household income of approximately $78,000.
Atlantic Union Bank is a full-service regional commercial bank headquartered in Richmond, Virginia, and a wholly owned subsidiary of Atlantic Union Bankshares Corporation (NYSE: AUB). Following its April 2025 acquisition of Sandy Spring Bancorp, Atlantic Union Bank became the largest bank headquartered in Virginia, operating approximately 190 branches across Virginia, Maryland, and North Carolina with approximately $37.6 billion in total assets and reporting net income of $261.8 million in ?scal year 2025. The bank carries a KBRA: A- investment grade credit rating, affirmed in October 2025 with a Stable outlook.