Pinnacle Bank - Mount Pleasant, SC_Propiedad en venta

3305 South Morgans Point Road, Mount Pleasant, SC, 29466, US

Pinnacle Bank - Mount Pleasant, SC

Descripción del activo

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 3305 South Morgans Point in Mount Pleasant, South Carolina (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.5 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.

Located just 10 miles northeast of downtown Charleston, Pinnacle is positioned at the signalized intersection of N US Highway 17 and S Morgans Point Road with direct visibility to more than 55,000 vehicles per day. Pinnacle is located within what is known as “Upper Mount Pleasant” which has undergone decades of new residential development that outpaced the state as a whole.

...

Atributos

Precio de venta

4.937.000 €

Tasa de capitalización

5,25 %

NOI

259.000 €

WAULT

12.5 años

Área de construcción neta

934 m²

Área de terreno bruta

0,45 ha

Medios

Aspectos destacados de la inversión

Operating on an absolute NNN lease with ±12.5 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)
Adjacent to Market at Oakland, a top 4% shopping center in SC
Strong demand characteristics driven by 5-mile AHHI of $172K
Positioned in Upper Mount Pleasant which outpaces the state in residential development
Signalized intersection with direct accessibility to 55K VPD