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22468 Lankford Hwy
Cape Charles, VA 23310

$1,709,024 USD

Bank For Sale  •  5,181 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,646 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 2008
  • Cap Rate 6.25 %
  • Tenancy Single
30 Transit Score
20 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.
Largest Bank Headquartered in Virginia - After the April 2025 Sandy Spring Bancorp acquisition, AUB operates ~190 branches across VA, MD, and NC.
Food Lion-Shadow Anchor: The property is adjacent to the Cape Charles Shopping Center (40,900 SF), anchored by Food Lion

Property Flyers

Cap Rate: 6.25 %

Major Tenants

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

Public Transportation

AirportDriveWalkDistance
Norfolk International 54 min - 36.6 mi
Jimmy Goodman 847-562-8500 The Boulder Group
Jimmy Goodman 847-562-8500 The Boulder Group