410 Main St
South Boston, VA 24592
Retail Property For Sale

CBRE is pleased to exclusively present for sale this SunTrust Bank located on Main Street in South Boston, Virginia. This is an absolute NNN lease with no landlord responsibilities or expenses. SunTrust has been operating at this location since 2010 and currently has over 10 years remaining in its initial 20 year lease. There are rare 1.5% annual rental increases in the base term of the lease and in each of the six, five year options. The lease is corporately guaranteed by SunTrust Banks, Inc., a publicly traded, investment grade credit tenant rated A- by Standard & Poor's. This passive ownership offering, combined with a highly financeable small price point makes this an easily attainable investment property for the future owner. This larger than average 7,857 square foot bank sits on 0.80 acres with three drive-thru lanes and ample parking. The property has excellent visibility along Main Street with 18,000 vehicles traveling by daily. The property also has visibility and access on Factory Street, Charles Street and Ferry Street. There are minimal national banks within a 1 mile radius of this site making it a go-to bank for surrounding residents and businesses. Surrounding uses include local restaurants, hardware stores, medical offices, and clothing stores. There are 3,367 people within 1 mile, 9,356 people within 3 miles and 13,876 people within 5 miles. South Boston is a town in Halifax County, just north of the North Carolina border, in the middle of the state of Virginia.