Pinnacle Bank - Mount Pleasant, SC_Actifs en vente

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

Pinnacle Bank - Mount Pleasant, SC

Description de l'actif

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.

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Caractéristiques de l'actif

Prix attendu

4 932 000 €

Taux de capitalisation

5,25 %

Revenu net

259 000 €

WALT

12.5 années

Surface de l'actif Net

934 m²

Taille du terrain Brut

0,45 hectare

Média

Points clés d'investissement

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