Pinnacle Bank – Lexington NC (E Center St)_Actifs en vente

115 East Center Street, Lexington, NC, 27292, US

Pinnacle Bank – Lexington NC (E Center St)

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 115 East Center St in Lexington, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±11.8 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.

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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Caractéristiques de l'actif

Prix attendu

3 533 000 €

Taux de capitalisation

6 %

Revenu net

212 000 €

WALT

11.8 années

Surface de l'actif Net

772 m²

Année de construction

1997

Média

Points clés d'investissement

Investment grade tenant with Baa2 stable outlook rating
±11.8 years of primary lease term remaining with 1.9% annual rent escalations
New $57M passenger rail development to catalyze Lexington economy
177 manufacturing companies employing 38,000 people locally
Operates under absolute NNN lease structure with zero landlord responsibilities
Merger with Synovus creates largest bank holding company in Georgia and largest bank in Tennessee
Siemens Mobility's contribution to an estimated $1.6 billion economic boost over 12 years
Population of 40,000 within a five-mile radius demonstrating 7%+ growth since 2010
Signalized intersection with direct accessibility to 16,000+ VPD