Pinnacle Bank – Salem, VA
8 East Main Street, Salem, VA, 24153, US
CN¥23,630,000 | 629 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 1518 Hershberger Road in Roanoke, Virginia (“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.
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Attributes
Asking price
CN¥8,843,000
Cap rate
6%
NOI
CN¥531,000
WAULT
12 years
Building area net
235 m²
Media
Investment Highlights
- Operating on an absolute NNN lease with ±12.1 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)
- Premier retail destination, adjacent to the #1 most visited shopping center and surrounded by retail drawing 10M+ annual visits
- Accessibility off I-581 (93,000 VPD) and adjacent to Roanoke-Blacksburg Airport (756K+ annual passengers)
- Top 3 deposit market share in the competitive Roanoke market
Contact brokers
Pinnacle Bank – Roanoke, VA (Hershberger Rd) (0 Properties)
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Last updated
6 Oct 2025
