Pinnacle Bank – Asheboro, NC (E Dixie Dr)_Property for Sale
Pinnacle Bank – Asheboro, NC (E Dixie Dr)_Property for Sale
854 East Dixie Drive, Asheboro, NC, 27203, US

Pinnacle Bank – Asheboro, NC (E Dixie Dr)

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 854 East Dixie Dr, in Asheboro, 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


...

Attributes

Asking price
THB 77,890,000
Cap rate
6%
NOI
THB 4,673,000
WAULT
12 years
Building area net
456 m²

Media

Investment Highlights

  1. Operating on an absolute NNN lease with ±12.1 years of lease term remaining and 1.9% annual rent escalations
  2. Pinnacle Financial Partners is the 2nd largest bank holding company in TN with an investment grade rating (Moody's: Baa2)
  3. Strategically located in the prime Piedmont Triad Region (1.7M+ population) and surrounded by new growth, including over 700 new residences under development
  4. Exceptional retail location near two major shopping centers that attract over 9.1 million annual visitors, supported by a 53% daytime population increase
  5. Dense commercial corridor with direct accessibility and high visibility to 25,600 vehicles per day


Pinnacle Bank – Asheboro, NC (E Dixie Dr) 4_Property for Sale
Pinnacle Bank – Asheboro, NC (E Dixie Dr) 4_Property for Sale

Contact brokers

Pinnacle Bank – Asheboro, NC (E Dixie Dr) (0 Properties)

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Last updated
6 Oct 2025