Pinnacle Bank – Lexington, NC (E Center St)
115 East Center Street, Lexington, NC, 27292, US
€3,501,000 | 772 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 113 Trindale Rd, Archdale, 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.
This unique opportunity allows investors the ability to acquire long-term passive income from an investment grade bank tenant with a significant deposit base from its local community.
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
€2,189,000
Cap rate
6%
NOI
€132,000
WAULT
12.1 years
Building area net
483 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 is the 2nd largest bank holding company in TN with an investment grade rating (Moody's: Baa2).
- High-performing branch with $124M in deposits, reflecting a strong 17% increase since June 2024
- Situated in a rapidly growing area surrounded by new development, including the largest residential community in Archdale's history (536 units) and Axium Packaging's new $32M facility
- Features a dense immediate population of 79,000 within a five-mile radius
- Excellent visibility and access on a major corridor with over 25,100 vehicles per day
Contact brokers
Pinnacle Bank – Archdale, NC (0 Properties)
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Last updated
6 Oct 2025
