Atlantic Union Bank 14739 Moneta Rd 7,134 SF Retail Building Moneta, VA 24121 $2,997,694 ($420.20/SF) 6.20% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Moneta, 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 7,134 square-foot building is positioned along Route 122 (Moneta Road), the primary commercial corridor serving Smith Mountain Lake communities in Bedford County, Virginia. The subject property is shadow-anchored by a Food Lion grocery store forming the core of the Moneta commercial node and generating consistent daily traffic from the surrounding lake communities. Smith Mountain Lake - Virginia’s second-largest freshwater lake, encompassing more than 20,600 acres and over 500 miles of shoreline - is located approximately two miles from the property and serves as the dominant demand driver for the trade area, attracting both year-round residents and a substantial seasonal tourism population. The greater Moneta trade area has experienced steady residential growth driven by affluent retirees and vacation property owners, with the ?ve-mile radius earning an average household income of approximately $122,000. The Roanoke-Blacksburg Regional Airport is located approximately 32 miles from the property, serving approximately 756,000 annual passengers in 2024.
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.