Pinnacle Bank – Lexington, NC (E Center St)
115 East Center Street, Lexington, NC, 27292, US
£3,004,000 | 8,310 sf
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 1028 Eastchester Drive, in High Point, NC (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12.3 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
Located in northern High Point, the Property is 12 miles from downtown Greensboro and 15 miles from downtown Winston-Salem in the Piedmont Triad Region. Pinnacle is positioned at the signalized intersection of with Eastchester Road and N Centennial St, providing direct accessibility to more than 40,000 vehicles per day.
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Attributes
Asking price
£932,000
Cap rate
6%
NOI
£56,000
WAULT
12.3 years
Building area net
2,476 sf
Land area gross
1 sf
Media
Investment Highlights
• Investment grade tenant with Baa2 stable outlook rating
• Approximately 12.3 years of primary lease term remaining with 1.9% annual rent escalations
• Located within Palladium South, a 36-acre, multi-million-dollar mixed-use development set to open in 2026
• 26,000+ population growth projected by 2045
• Operates under absolute NNN lease structure with zero landlord responsibilities
• Merger with Synovus creates largest bank holding company in Georgia and largest bank in Tennessee
• Located in the prime Piedmont Triad Region with 1.7M+ population
• In proximity to three major shopping centers with 7.8M+ annual visits
• Signalized intersection with direct accessibility to 40,000 VPD
Contact brokers
Pinnacle Bank - High Point, NC (1028 Eastchester Dr) (0 Properties)
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Last updated
22 Sep 2025
