Pinnacle Bank - Lebanon, TN (Baddour Pkwy)_Property for Sale
Pinnacle Bank - Lebanon, TN (Baddour Pkwy)_Property for Sale
1412 West Baddour Parkway, Lebanon, TN, 37087, US

Pinnacle Bank - Lebanon, TN (Baddour Pkwy)

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 1412 W Baddour Parkway in Lebanon, Tennessee (“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.


Lebanon is seated in the fastest growing county in Tennessee while being nestled within the #1 statistical area in the U.S. for economic growth. With Wilson County labeled as the fastest growing county in Tennessee and the second wealthiest county in the state, the Lebanon housing market is very competitive.

...

Attributes

Asking price
CN¥18,311,000
Cap rate
5.25%
NOI
CN¥961,000
WAULT
12.3 years
Building area net
412 m²
Land area gross
0.62 ha

Media

Investment Highlights

  • Operating on an absolute NNN lease with ±12.3 years of lease term remaining and 1.9% annual rent escalations
  • Pinnacle Financial Partners is the 2nd largest bank holding company in TN with an investment grade rating (Moody's: Baa2)
  • Wilson County is the #1 fastest growing county in Tennessee
  • Strong demand characteristics driven by 5-mile AHHI of $101K
  • Adjacent to Vanderbilt Wilson County Hospital with 245-beds
  • Dense commercial corridor with direct accessibility to 34K VPD


Pinnacle Bank - Lebanon, TN (Baddour Pkwy) 4_Property for Sale

Contact brokers

Pinnacle Bank - Lebanon, TN (Baddour Pkwy) (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
1 May 2025