Pinnacle Bank – Archdale NC
113 Trindale Road, Archdale, NC, 27263, US
NZ$4,445,000 | 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 115 East Center St in Lexington, NC (“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 - NC License #: 163984
Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos
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Attributes
Asking price
NZ$7,108,000
Cap rate
6%
NOI
NZ$427,000
WAULT
11.8 years
Building area net
772 m²
Year built
1997
Media
Investment Highlights
- Investment grade tenant with Baa2 stable outlook rating
- ±11.8 years of primary lease term remaining with 1.9% annual rent escalations
- New $57M passenger rail development to catalyze Lexington economy
- 177 manufacturing companies employing 38,000 people locally
- Operates under absolute NNN lease structure with zero landlord responsibilities
- Merger with Synovus creates largest bank holding company in Georgia and largest bank in Tennessee
- Siemens Mobility's contribution to an estimated $1.6 billion economic boost over 12 years
- Population of 40,000 within a five-mile radius demonstrating 7%+ growth since 2010
- Signalized intersection with direct accessibility to 16,000+ VPD
Contact brokers
Pinnacle Bank – Lexington NC (E Center St) (0 Properties)
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Last updated
2 Dec 2025
