7 Bank Rd
Washington, VA 22747
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 Washington, 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 9,478 square-foot building is positioned along Bank Road in the historic village of Washington, Virginia. Washington is the county seat of Rappahannock County, situated in the eastern foothills of the Blue Ridge Mountains approximately 70 miles west of Washington, D.C. via the I-66 corridor and US Route 211. The area is home to The Inn at Little Washington, the DC region’s only Michelin 3-star restaurant, which has held Wine Spectator’s Grand Award for 29 consecutive years and draws affluent visitors from throughout the Mid-Atlantic, reinforcing the community’s reputation as a premier culinary and wine country destination. Rappahannock County directly adjoins Shenandoah National Park and Skyline Drive and is home to 9 wineries, establishing a consistent ?ow of high-income visitors. The ?ve-mile trade area reports an average household income of approximately $129,000, driven by an established community of second-home owners, remote professionals, and long-tenured farm families who form the branch’s core banking clientele.
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.