Ashley Plaza
201 N Berkeley Blvd, Goldsboro, NC, 27534-4323, US
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 3239 South Church St, Burlington, 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
PLN 18,121,000
Cap rate
6%
NOI
PLN 1,088,000
WAULT
11.8 years
Building area net
893 m²
Year built
2007
Media
Investment Highlights
- Operating on an absolute NNN lease with ±11.8 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)
- Dominant market position as the only Pinnacle location in Alamance County, holding an impressive $143M in deposits
- Strategically positioned near high-traffic retail corridor including Holly Hill Mall (2.1M visitors) and the #2 most visited Lowe’s in NC
- Located in a high-growth submarket with a 35% population increase since 2010 and excellent visibility to 24,500 VPD
Contact brokers
Pinnacle Bank – Burlington NC (0 Properties)
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Last updated
2 Dec 2025
