Village at Research Park
3005-3015 Stelfox St, Charlotte, NC 28262
1,317 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 103 N 2nd St in Albemarle, NC (“Property” or “Asset”). Pinnacle is operating on an absolute NNN lease with ±11.8 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
NC Broker of Record: Pete Pitroff - NC License #: 163984
Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos
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Attributes
Asking price
€4,683,000
Cap rate
6%
NOI
€281,000
WAULT
11.8 years
Building area net
1,028 m²
Media
Investment Highlights
- Investment grade tenancy with Baa2 rating and stable outlook for Pinnacle Financial Partners
- Operating on an absolute NNN lease with ±11.8 years of primary lease term remaining and 1.9% annual rent escalations
- Exceptional $141M in deposits as of June 2025, nearly double the other Stanly County Pinnacle location
- Merger with Synovus creates largest bank holding company in GA & largest bank in TN
- Strong population growth of 12% since 2010 within a 3-mile radius of the property
- Nearly top performing retail node with 3.2 million visits annually
- Signalized intersection with direct visibility to 14,000+ VPD
- Albemarle generates 67% of Stanly County's annual retail sales
Contact brokers
Pinnacle Bank - Albemarle, NC (0 Properties)
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Last updated
2 Dec 2025
