9665 Sliding Hill Rd
Ashland, VA 23005
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 Ashland, 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 8,560-square-foot building is positioned along Sliding Hill Road directly at the I-95 Exit 86 interchange, placing the property at a primary retail and commuter node serving the northern Richmond suburbs. Walmart Neighborhood Market operates directly across the street, while Sheetz and Wawa anchor the immediate intersection with national-credit fuel and convenience offerings. The Wegmans Food Markets Virginia Service Center, a $175 million, 1 million-square-foot regional distribution facility employing over 500 workers, is situated on the same Sliding Hill Road corridor and generates nearly 3,000 additional daily vehicle trips through the trade area. The property is located approximately 20 miles north of Richmond International Airport (RIC) and bene?ts from direct I-95 freeway access. There are approximately 76,000 residents within ?ve miles earning an average household income of approximately $150,000, re?ecting the established and affluent character of Hanover County’s residential base.
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.