Pinnacle Bank - Mount Pleasant, SC_Property for Sale
Pinnacle Bank - Mount Pleasant, SC_Property for Sale
3305 South Morgans Point Road, Mount Pleasant, SC, 29466, US

Pinnacle Bank - Mount Pleasant, SC

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 3305 South Morgans Point in Mount Pleasant, South Carolina (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.5 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.


Located just 10 miles northeast of downtown Charleston, Pinnacle is positioned at the signalized intersection of N US Highway 17 and S Morgans Point Road with direct visibility to more than 55,000 vehicles per day. Pinnacle is located within what is known as “Upper Mount Pleasant” which has undergone decades of new residential development that outpaced the state as a whole.



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Attributes

Asking price
PLN 21,118,000
Cap rate
5.25%
NOI
PLN 1,108,000
WAULT
12.5 years
Building area net
934 m²
Land area gross
0.45 ha

Media

Investment Highlights

  • Operating on an absolute NNN lease with ±12.5 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)
  • Adjacent to Market at Oakland, a top 4% shopping center in SC
  • Strong demand characteristics driven by 5-mile AHHI of $172K
  • Positioned in Upper Mount Pleasant which outpaces the state in residential development
  • Signalized intersection with direct accessibility to 55K VPD


Pinnacle Bank - Mount Pleasant, SC 4_Property for Sale
Pinnacle Bank - Mount Pleasant, SC 4_Property for Sale

Contact brokers

Pinnacle Bank - Mount Pleasant, SC (0 Properties)

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Last updated
1 May 2025