Pinnacle Bank - Murfreesboro, TN (Broad St)_Actifs en vente

2035 Southeast Broad Street, Murfreesboro, TN, 37130, US

Pinnacle Bank - Murfreesboro, TN (Broad St)

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 2035 Southeast Broad Street in Murfreesboro, Tennessee (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.3 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.

Located 30 miles southeast of downtown Nashville, Pinnacle is positioned at the signalized intersection of SE Broad Street and S Rutherford Blvd with direct visibility to more than 37,000 vehicles per day.

Since the 1990s, Murfreesboro has been Tennessee's fastest-growing major city and one of the fastest-growing cities in the country.

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Caractéristiques de l'actif

Prix attendu

1 522 000 €

Taux de capitalisation

5,25 %

Revenu net

81 000 €

WALT

12.3 années

Surface de l'actif Net

290 m²

Taille du terrain Brut

0,36 hectare

Média

Points clés d'investissement

Operating on an absolute NNN lease with ±12.3 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)
Murfreesboro is Tennessee's fastest-growing major city
Strong demand characteristics driven by 1-mile AHHI of $95K
Outparcel to Publix anchored shopping center with 1.0 million visits annually
Low rent of $91K
Signalized intersection with direct visibility to 37,000 VPD