Pinnacle Bank – Archdale NC
113 Trindale Road, Archdale, NC, 27263, US
₹231,282,000 | 483 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 175 North Fayetteville Street, in Asheboro, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±11.8 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
This unique opportunity allows investors the ability to acquire long-term passive income from an investment grade bank tenant with a significant deposit base from its local community.
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Attributes
Asking price
₹200,276,000
Cap rate
6%
NOI
₹12,014,000
WAULT
11.8 years
Building area net
418 m²
Media
Investment Highlights
- Operating on an absolute NNN lease with ±11.8 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)
- $225M in deposits in 2025
- Prime retail location, adjacent to two major shopping centers with over 9.1M annual visits
- Situated in a thriving submarket with 53% daytime population increase and excellent visibility to 54,500 VPD
Contact brokers
Pinnacle Bank - Asheboro, NC (0 Properties)
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Last updated
12 Jan 2026
