Pinnacle Bank – Thomasville, NC
831 Julian Avenue, Thomasville, NC, 27360, US
€3,013,000 | 669 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 854 East Dixie Dr, in Asheboro, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.1 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
This unique opportunity allows investors the ability to acquire long-term passive income from an investment grade bank tenant with a significant deposit base from its local community.
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
€2,053,000
Cap rate
6%
NOI
€124,000
WAULT
12 years
Building area net
456 m²
Media
Investment Highlights
- Tenancy: The property features an investment-grade tenant, Pinnacle Financial Partners, with a Baa2 rating and stable outlook.
- Lease Term: There are approximately 12.1 years remaining on the primary lease.
- New Developments: Two new residential developments are adding over 700 new residences to the area.
- Rent Escalations: The lease specifies 1.9% annual rent increases.
- Daytime Population: The area experiences a 53% increase in its population during daytime hours.
- Corporate Strength: A merger with Synovus has established Pinnacle as the largest bank holding company in Georgia and the largest bank in Tennessee.
- Location: The property is located in the prime Piedmont Triad Region, which has a population of over 1.7 million people.
- Lease Structure: It is an Absolute NNN lease, resulting in zero landlord responsibilities.
- Retail Proximity: The site is close to two major shopping centers that receive more than 9.1 million annual visits.
- Accessibility: East Dixie Road provides direct access to the property with traffic counts of 25,600 vehicles per day (VPD).
Contact brokers
Pinnacle Bank – Asheboro, NC (E Dixie Dr) (0 Properties)
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Last updated
6 Oct 2025
