Pinnacle Bank – Lexington, NC (Old Hwy 52)
6355 Old U.S. Hwy 52, Lexington, NC, 27295, US
¥299,041,000 | 329 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 854 East Dixie Dr, in Asheboro, NC (“Property” or “Asset”). Pinnacle is operating on 15-year 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.
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.
NC Broker of Record: Pete Pitroff - NC License #: 163984
Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos
...
Attributes
Asking price
¥367,157,000
Cap rate
6%
NOI
¥22,027,000
WAULT
12 years
Building area net
456 sm
Media
Investment highlights
- Operating on an absolute NNN lease with ±12.1 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)
- Strategically located in the prime Piedmont Triad Region (1.7M+ population) and surrounded by new growth, including over 700 new residences under development
- Exceptional retail location near two major shopping centers that attract over 9.1 million annual visitors, supported by a 53% daytime population increase
- Dense commercial corridor with direct accessibility and high visibility to 25,600 vehicles per day
Contact brokers
Pinnacle Bank – Asheboro, NC (E Dixie Dr) (0 Properties)
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Last updated
Oct 6, 2025
