Pinnacle Bank – Archdale, NC
113 Trindale Road, Archdale, NC, 27263, US
NZ$4,372,000 | 483 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 175 North Fayetteville Street, 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
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Attributes
Asking price
NZ$3,785,000
Cap rate
6%
NOI
NZ$228,000
WAULT
12 years
Building area net
418 m²
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)
- Exceptional branch performance with $225M in deposits for year 2025
- Surrounded by significant new growth, including over 700 new residences and two major shopping centers attracting 9.1M+ annual visitors
- Prime location on a high-traffic corridor with direct accessibility to 54,500 VPD and a 53% daytime population increase
Contact brokers
Pinnacle Bank – Asheboro, NC (N Fayetteville St) (0 Properties)
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Last updated
6 Oct 2025
