Pinnacle Bank - Smyrna, TN (Lowry St)_Actifs en vente

69 S Lowry St, Smyrna, TN, 37167, US

Pinnacle Bank - Smyrna, TN (Lowry 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 69 South Lowry Street in Smyrna, 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.

Situated in the heart of Tennessee just 20 miles southeast of downtown Nashville, Smyrna is the largest suburban town in Tennessee by population (54,000). Pinnacle is positioned along the primary throughfare in the area along South Lowry Street with direct visibility to 26,000 vehicles per day, just a few miles from Interstate 24.

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Caractéristiques de l'actif

Prix attendu

2 299 000 €

Taux de capitalisation

5,25 %

Revenu net

121 000 €

WALT

12.3 années

Surface de l'actif Net

430 m²

Taille du terrain Brut

0,43 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)
Smyrna is the largest town in TN by population with recent 2.5% growth (2022-23)
Strong demand characteristics driven by 5-mile AHHI of $94K
Adjacent to 101 Depot Apartments with 308 units
Positioned along primary throughfare with direct visibility to 37K VPD