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201 Volvo Pky
Chesapeake, VA 23320 Greenbrier West

$4,971,429 USD

Bank For Sale  •  9,193 SF

Property Details

  • Property Type Bank
  • Total Building Size 5,517 SF
  • Lot Size 1.07 AC
  • Building Class B
  • Year Built 1988
  • Cap Rate 6.30 %
  • Tenancy Single
  • Zoning PUD
30 Transit Score
60 Walk Score

Highlights

Long-Term Lease Through September 2040 - 1.50% annual escalations in the primary term, increasing to 2.00% annually during the option periods.
Absolute NNN lease – zero landlord responsibilities.
Investment-Grade Tenant (KBRA: A-) - A- rating from KBRA, affirmed Stable in October 2025, providing institutional-quality credit behind the lease.
NYSE-Listed Parent Guaranty (NYSE: AUB) - Corporately guaranteed by Atlantic Union Bankshares Corp., Virginia’s largest headquartered bank with ~$37.6
Largest Bank Headquartered in Virginia - After the April 2025 Sandy Spring Bancorp acquisition, AUB operates ~190 branches across VA, MD, and NC.
More than 212,000 residents live within a 5-mile radius of the property, earning an average household income exceeding $106,000

Property Flyers

Cap Rate: 6.30 %

Major Tenants

Tenant SF Occupied Lease End Date
Atlantic Union Bank 9/30/2040

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Norfolk International 21 min - 12.8 mi
Newport News/Williamsburg International 55 min - 37.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 37
Type: Surface
Included in Rent: Yes
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group