840 McKinney Blvd

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Colonial Beach, 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 5,918 square foot building is situated along McKinney Boulevard (Virginia State Route 205), the primary commercial corridor in Colonial Beach, Virginia. The subject property benefits from its position alongside the Food Lion-anchored commercial corridor on McKinney Boulevard, drawing consistent foot traffic from the town’s dominant grocery anchor. Colonial Beach is a riverfront resort community on the Potomac River in Westmoreland County, Virginia, located approximately 40 miles east of Fredericksburg and 65 miles from Washington, D.C. The town is the second-longest public beach in Virginia - drawing peak-season populations exceeding 10,000 visitors to its 12-plus marinas and waterfront amenities - and was named the ‘Nicest Place in Virginia’ by Reader’s Digest in 2019. There are approximately 10,347 residents within a 5-mile radius of the property with an average household income exceeding $92,000.