17191 Kings Hwy
Montross, VA 22520
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 Montross, 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 2,821 square-foot branch is positioned along King’s Highway (Virginia Route 3), the primary commercial corridor serving Montross and the surrounding Westmoreland County trade area. Montross serves as the county seat of Westmoreland County on Virginia’s Northern Neck peninsula, situated between the Potomac and Rappahannock Rivers approximately 65 miles northeast of Richmond and 80 miles southeast of Washington, D.C. The property is located within an established trade area that includes a Food Lion grocery store, a Dollar General, and a variety of local dining and service businesses. Westmoreland County’s economy is supported by two signi?cant employment anchors: Carry-On Trailer’s Montross manufacturing facility, which employs approximately 200 workers and completed a $9.2 million expansion in 2024, and the Naval Surface Warfare Center Dahlgren Division in neighboring King George County, which employs more than 4,000 civilian personnel with approximately 400 residing in Westmoreland County. There are approximately 4,074 residents within a 5-mile radius of the property with an average household income of approximately $89,000.
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.