Pinnacle Bank - Ashland City, TN_Imóvel à venda

524 S Main St, Ashland City, TN, 37015, US

Pinnacle Bank - Ashland City, TN

Descrição do ativo

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 524 South Main Street in Ashland City, Tennessee (“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 30 minutes north of Nashville, Pinnacle is positioned on the hard corner of South Main Street (Tennessee State Route 12) and Lowe Street with easy access to more than 15,000 vehicles per day. As the county seat of Cheatham County, Ashland City has a population of about 5,000 residents and is part of the rapidly growing Nashville Metropolitan Statistical Area.

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Atributos

Preço pedido

€ 3.554.000

Taxa de capitalização

5,25%

NOI

€ 187.000

WAULT

12.5 anos

Área de construção líquida

669 m²

Área de terreno bruta

0,4 ha

Mídia

Destaques do investimento

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)
Exceptional $243M in deposits and the only Pinnacle Bank location in Cheatham County
Adjacent to A.O. Smith Water Heating, the world's largest water heater factory
Strong demand characteristics driven by 5-mile AHHI of $94K
Hard corner location with access to 15K VPD
16.8% retail rent growth in Ashland City since 2022