Pinnacle Bank - Franklin, TN (Miller Springs Ct)_Actifs en vente

205 Miller Springs Court, Franklin, TN, 37064, US

Pinnacle Bank - Franklin, TN (Miller Springs Ct)

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 205 Miller Springs Court in Franklin, Tennessee (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities. The Asset is ~70% occupied with bank operations associates (IT, Call Center, Deposit Operations, Loan Operations, Compliance).

TN Broker of Record: Richard Reid – TN License #: 321591

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Caractéristiques de l'actif

Revenu net

1 040 000 €

WALT

12 années

Surface de l'actif Net

4 641 m²

Taille du terrain Brut

2,42 hectare

Média

Points clés d'investissement

Operating on an absolute NNN lease with ±12 years of lease term remaining and 1.9% annual rent escalations
Pinnacle Financial Partners is the largest bank in TN & largest bank holding company in GA with an investment grade rating (Moody’s: Baa2)
Franklin is the 15^th fastest-growing large city in the U.S.
Affluent residential base with $173K in average household income within 3-mile radius
Below market rent of $24.18 PSF (compared to $35.26 PSF)
Adjacent to Williamson Medical Center with 2000-beds
Just off Royal Oaks Blvd & I-65 with direct accessibility to 96,000 VPD