5472 Indian River Rd
Virginia Beach, VA 23464
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 Virginia Beach, 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 2,745 square-foot building is situated along Indian River Road in Virginia Beach’s established Kemps River trade area. It sits directly adjacent to Kemps River Shopping Center, a destination retail center with more than 70 tenants including IHOP, Panera Bread, and Outback Steakhouse. The building is positioned opposite University Shoppes, which features Walgreens, Ulta Beauty, and Starbucks. Indian River Road carries approximately 31,000 vehicles per day in the immediate trade area, providing strong visibility and access for the subject property. The property bene?ts from proximity to Regent University on Indian River Road, home to approximately 10,600 students who generate consistent daytime banking demand. The trade area is further anchored by Naval Air Station Oceana with 25,000 military and civilian personnel and Sentara Virginia Beach General Hospital, a 273-bed regional medical facility. There are more than 307,000 residents within a ?ve-mile radius of the property earning an average household income of approximately $105,000.
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.