Pinnacle Bank - Roanoke, VA (Starkey Road)_Property for Sale
Pinnacle Bank - Roanoke, VA (Starkey Road)_Property for Sale
4467 Starkey Road, Cave Spring, VA, 24018, US

Pinnacle Bank - Roanoke, VA (Starkey Road)

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 4467 Starkey Road, Roanoke, Virginia (“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 just four miles southwest of downtown Roanoke, the Property is situated along Starkey Road, just off Route 419 with direct accessibility to more than 48,500 vehicles per day. Pinnacle is positioned in Roanoke County’s Cave Spring which has undergone substantial revitalization in recent years, becoming a destination for healthcare, recreation, retail and dining experiences. Cave Spring covers much of the area known locally as “Southwest County” which has the most affluent suburbs of Roanoke.

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Attributes

Asking price
IDR 29,072,750,000
Cap rate
5.25%
NOI
IDR 1,522,416,000
WAULT
12.3 years
Building area net
292 m²
Land area gross
0.4 ha

Media

Investment Highlights

  • 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)
  • Cave Springs is one of the most affluent suburbs of Roanoke
  • Low $91K rent
  • Strong demand characteristics driven by 3-mile AHHI of $113K
  • Adjacent to Tanglewood Mall, a top 4% visited shopping center in VA
  • Signalized intersection with direct visibility to 48,500 VPD


Pinnacle Bank - Roanoke, VA (Starkey Road) 4_Property for Sale

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Pinnacle Bank - Roanoke, VA (Starkey Road) (0 Properties)

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Last updated
1 May 2025