1174 N Main St
Madison, VA 22727
Atlantic Union Bank · Retail Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Madison, 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 3,502 square-foot branch is situated along N. Main Street (US-29 Business), the primary commercial corridor through the town of Madison and the county seat of Madison County, Virginia. The property bene?ts from its proximity to Madison Plaza, a Food Lion-anchored neighborhood shopping center that serves as the primary retail and grocery destination for the surrounding trade area, alongside Dollar General and Sheetz along the same US-29 corridor. Residents within a ?ve-mile radius earn an average household income of approximately $105,000. Madison is located approximately 24 miles northeast of Charlottesville, Virginia - home to the University of Virginia and UVA Health System - providing the local trade area with proximity to the region’s largest employment and healthcare hub. The surrounding community is further supported by Madison County’s role as a gateway to Shenandoah National Park and a growing destination for agritourism and Virginia wine country visitors.
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.