Village at Research Park
3005-3015 Stelfox St, Charlotte, NC 28262
1,317 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 103 N 2nd St in Albemarle, NC (“Property” or “Asset”). Pinnacle is operating on an 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
₱322,099,000
Cap rate
6%
NOI
₱19,327,000
WAULT
11.8 years
Building area net
1,028 sm
Media
Investment highlights
- Investment grade tenancy with Baa2 rating and stable outlook for Pinnacle Financial Partners
- Operating on an absolute NNN lease with ±11.8 years of primary lease term remaining and 1.9% annual rent escalations
- Exceptional $141M in deposits as of June 2025, nearly double the other Stanly County Pinnacle location
- Merger with Synovus creates largest bank holding company in GA & largest bank in TN
- Strong population growth of 12% since 2010 within a 3-mile radius of the property
- Nearly top performing retail node with 3.2 million visits annually
- Signalized intersection with direct visibility to 14,000+ VPD
- Albemarle generates 67% of Stanly County's annual retail sales
Contact brokers
Pinnacle Bank - Albemarle, NC (0 Properties)
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Last updated
Dec 2, 2025
