Pinnacle Bank - Albemarle, NC
103 North 2nd Street, Albemarle, NC, 28001, US
PLN 19,540,000 | 1,028 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 415 Jake Alexander Blvd in Salisbury, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.1 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities. Notably, the Asset is the only Pinnacle Bank location in Rowan County and generated $93M in deposits in 2024.
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Attributes
Asking price
PLN 18,920,000
Cap rate
6%
NOI
PLN 1,136,000
WAULT
12.1 years
Building area net
995 m²
Media
Investment Highlights
- Operating on an absolute NNN lease with ±12.1 years of lease term remaining and 1.9% annual rent escalations
- Pinnacle Financial Partners (Moody's: Baa2) merger with Synovus creates the largest bank holding company in GA & largest bank in TN
- $93M in deposits and only Pinnacle Bank location in Rowan County
- Adjacent to top 4% most visited Food Lion in NC & U.S.
- Positioned along Salisbury’s primary thoroughfare with direct visibility to 36,500+ VPD
- Rowan County provides access to nearly 4 million people within 60 miles
Contact brokers
Pinnacle Bank – Salisbury, NC (0 Properties)
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Last updated
23 Sep 2025
