O'Reilly Auto Parts - Iron Mountain, MI
1907 S Stephenson Ave, Iron Mountain, MI, 49801, US
669 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 1412 W Baddour Parkway in Lebanon, Tennessee (“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.
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Attributes
Asking price
PLN 8,032,000
Cap rate
6%
NOI
PLN 482,000
WAULT
11.8 years
Building area net
412 m²
Land area gross
0.62 ha
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)
- Wilson County is the #1 fastest growing county in Tennessee
- Strong demand characteristics driven by 5-mile AHHI of $101K
- Adjacent to Vanderbilt Wilson County Hospital with 245-beds
- Dense commercial corridor with direct accessibility to 34K VPD
Contact brokers
Pinnacle Bank - Lebanon, TN (Baddour Pkwy) (0 Properties)
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Last updated
2 Dec 2025
