Pinnacle Bank - Lebanon, TN (Baddour Pkwy)
1412 West Baddour Parkway, Lebanon, TN, 37087, US
SGD 2,858,000 | 412 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 411 S Cumberland St in Lebanon, TN (“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.
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Attributes
Asking price
SGD 4,456,000
Cap rate
6%
NOI
SGD 267,000
WAULT
12 years
Building area net
654 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)
- Located in Wilson County, the #1 fastest-growing county in Tennessee, and surrounded by explosive growth including 8,000 new residential units
- Exceptional branch performance with a massive $334M deposit base, the largest in the county
- Strong demand characteristics driven by adjacency to Cumberland University (3,400 students) and an affluent demographic with $104K average household incomes
Contact brokers
Pinnacle Bank – Lebanon, TN (S Cumberland St) (0 Properties)
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Last updated
6 Oct 2025
