King George Retail for Sale - King George County
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in King George, 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 one 5-year renewal option 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 5,493 square-foot branch is positioned along Kings Highway (US Route 301), King George County’s primary commercial artery, which carries approximately 11,200 vehicles per day. The property is situated within the county’s established retail corridor in proximity to national co-tenants including a Walmart Supercenter, Food Lion, Dollar Tree, T.J. Maxx, and Five Below. King George County is home to Naval Surface Warfare Center Dahlgren Division (NSWC Dahlgren), one of the United States Navy’s largest science and technology commands, employing more than 10,800 military and civilian personnel and contributing more than $1 billion annually to the local economy - providing a stable and growing pool of banking customers for the subject branch. There are approximately 16,800 residents within a ?ve-mile radius of the property earning an average household income of approximately $126,000.
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.
