8 East Main Street, Salem, VA, 24153, US

Pinnacle Bank – Salem, VA

묘사

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 8 East Main Street in Salem, Virginia (“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.

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개요

요청 가격

₩4,670,023,000

Cap rate

NOI

₩280,189,000

WAULT

12 년

건물 면적 순

629 제곱미터

미디어

투자 하이라이트

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)
Prime location adjacent to the #1 ranked Roanoke College and near the Salem VA Medical Center (78,000 annual patients)
Only Pinnacle Bank in Salem ($46M deposits), located near a top 5 most visited retail center in a 50-mile radius
Affluent demographics with $99K average household incomes and direct visibility on Main Street (13,000 VPD)