Atlantic Union Bank 14915 Forest Rd 5,526 SF Retail Building Forest, VA 24551 $2,529,867 ($457.81/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Atlantic Union Bank located in Forest, 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 5,526 square-foot building is positioned along Forest Road (US Route 221), which carries approximately 34,700 vehicles per day at the signalized intersection with Perrowville Road, and serves as an outparcel to Forest Square Shopping Center - a Kroger-anchored community center featuring co-tenants including McDonald’s, Taco Bell, and Bojangles. Forest Road is the primary commercial corridor of the Forest community, with additional national retailers concentrated along the corridor including CVS, Walmart Neighborhood Market, and Tractor Supply. The property is situated approximately 10 miles south of downtown Lynchburg and within approximately 7 miles of Lynchburg Regional Airport. Jefferson Forest High School, consistently recognized as one of Virginia’s top public high schools, is located within the immediate trade area, anchoring a well-educated and affluent residential base. There are more than 58,000 residents within a ?ve-mile radius of the property, earning an average household income of approximately $106,000.
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.