Pinnacle Bank – Archdale NC
113 Trindale Road, Archdale, NC, 27263, US
₩3,762,090,000 | 483 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 211 Broad Street in Kernersville, North Carolina (“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.
NC Broker of Record: Pete Pitroff - TN License #: 163984
Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos
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Attributes
Asking price
₩4,778,118,000
Cap rate
6%
NOI
₩286,680,000
WAULT
11.8 years
Building area net
613 m²
Year built
1997
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)
- Exceptional deposits of $435 million (strongest in Forsyth County)
- Strong demand characteristics driven by 5-mile AHHI of $107K
- Adjacent to the #8 most visited Walmart location in North Carolina
- Signalized intersection, just north of I-40 with 52,500 VPD
Contact brokers
Pinnacle Bank - Kernersville NC (0 Properties)
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Last updated
2 Dec 2025
