The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Fredericksburg, 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 8,814 square-foot full-service bank branch, featuring drive-through banking, is positioned along Fall Hill Avenue at its signalized intersection with Route 1 (Emancipation Highway), providing immediate I-95 access and placing the property at the center of one of Fredericksburg’s most active commercial corridors. The surrounding area is undergoing signi?cant mixed-use redevelopment, with more than 600 new residential units and a proposed specialty grocer planned within immediate proximity, reinforcing the corridor’s growth trajectory. The property is situated within close proximity to Mary Washington Hospital - a 412-bed Level II trauma center and the ?agship facility of Mary Washington Healthcare, the region’s leading non-pro?t health system. Fredericksburg is strategically positioned 42 miles south of Washington, D.C. and 53 miles north of Richmond along the I-95 corridor, and the region is further supported by three major military installations contributing an estimated $7 billion in annual regional economic impact. More than 109,000 residents within a ?ve-mile radius earn an average household income of approximately $133,000.
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.