3239 South Church Street, Elon, NC, 27244, US

Pinnacle Bank – Burlington, NC

描述

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 3239 South Church St, Burlington, 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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属性

询价

¥35,342,000

资本化率

净运营收入

¥2,121,000

加权平均未到期租赁期

12 年

建筑净面积

893 平方米

媒体

投资亮点

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)
Dominant market position as the only Pinnacle location in Alamance County, holding an impressive $143M in deposits
Strategically positioned near high-traffic retail including Holly Hill Mall (2.1M visitors) and the #2 most visited Lowe's in NC
Located in a high-growth submarket with a 35% population increase since 2010 and excellent visibility to 24,500 VPD