Pinnacle Bank - Locust, NC

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 102 South Street in Locust, 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.

Locust, a small rural city spanning Stanly and Cabarrus counties, has emerged as one of North Carolina's fastest-growing municipalities, driven by urban sprawl from the nearby Charlotte metropolitan area. Pinnacle Bank is positioned just off W Main Street, which serves as the town's primary thoroughfare and is known as "the Crossroads" due to its role as a major travel route. This strategic location provides direct access to 28,500 vehicles per day.

NC Broker of Record: Pete Pitroff - NC License #: 163984

Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos