Pinnacle Bank - High Point, NC (Main St.)
2800 South Main Street, High Point, NC, 27263, US
CHF 1,778,000 | 425 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 6355 Old Highway 52 in Lexington, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.3 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
Located in Davidson County within the Piedmont Triad, Lexington demonstrates strong demographic fundamentals with a population of 29,500+ and has grown 10%+ since 2010 within a five-mile radius, while the three-mile trade area exhibits affluent household economics with average household incomes exceeding $99,000.
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Attributes
Asking price
CHF 1,552,000
Cap rate
6%
NOI
CHF 94,000
WAULT
12.3 years
Building area net
329 m²
Media
Investment Highlights
• Investment grade tenant with Baa2 stable outlook rating
• Approximately 12.3 years of primary lease term remaining with 1.9% annual rent escalations
• New $57M passenger rail development to catalyze Lexington economy
• 177 manufacturing companies employing 38,000 people locally
• Operates under absolute NNN lease structure with zero landlord responsibilities
• Merger with Synovus creates largest bank holding company in Georgia and largest bank in Tennessee
• Siemens Mobility's contribution to an estimated $1.6 billion economic boost over 12 years
• $99K average household income within three-mile radius
• Signalized intersection with direct accessibility to 11,500+ VPD
Contact brokers
Pinnacle Bank – Lexington, NC (Old Hwy 52) (0 Properties)
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Last updated
23 Sep 2025
