Pinnacle Bank – Salisbury, NC
415 Jake Alexander Blvd W, Salisbury, NC, 28147, US
€4,449,000 | 995 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 103 N 2nd St in Albemarle, NC (“Property” or “Asset”). Pinnacle is operating on an absolute NNN lease with ±12.1 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
Albemarle, North Carolina, is the county seat and largest municipality of Stanly County with a population of 16,600+. Pinnacle Bank is positioned at the signalized intersection of W Main Street and N 2nd Street with direct visibility to more than 14,000 vehicles per day.
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Attributes
Asking price
€4,594,000
Cap rate
6%
NOI
€276,000
WAULT
12.1 years
Building area net
1,028 m²
Media
Investment Highlights
• Investment grade tenancy with Baa2 rating and stable outlook for Pinnacle Financial Partners
• Operating on an absolute NNN lease with ±12.1 years of primary lease term remaining and 1.9% annual rent escalations
• Exceptional $162M in deposits in 2024, nearly double the other Stanly County Pinnacle location
• Merger with Synovus creates largest bank holding company in GA & largest bank in TN
• Strong population growth of 12% since 2010 within a 3-mile radius of the property
• Nearly top performing retail node with 3.2 million visits annually
• Signalized intersection with direct visibility to 14,000+ VPD
• Albemarle generates 67% of Stanly County's annual retail sales
Contact brokers
Pinnacle Bank - Albemarle, NC (0 Properties)
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Last updated
23 Sep 2025
