Pinnacle Bank - High Point, NC (University Pkwy)
1585 North University Parkway, High Point, NC, 27262, US
4,273 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 801 North Elm Street in High Point, North Carolina (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12 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
...
Attributes
NOI
₹35,629,000
WAULT
12 years
Building area net
1,274 m²
Land area gross
0.67 ha
Media
Investment Highlights
- Operating on an absolute NNN lease with ±12 years of lease term remaining and 1.9% annual rent escalations
- Pinnacle Financial Partners is the largest bank in TN & largest bank holding company in GA with an investment grade rating (Moody’s: Baa2)
- Executive office location for Pinnacle Bank operations
- 1 mile from High Point University (1 Regional College in South)
- 100% occupied by Pinnacle’s Administrative and Associates
- Less than one mile from a new mixed-use development (expected delivery 2026)
- 26,000+ projected population growth in High Point by 2045
Contact brokers
Pinnacle Bank - High Point, NC (N Elm St) (0 Properties)
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Last updated
29 Oct 2025
