Pinnacle Bank – Burlington, NC_Property for Sale
Pinnacle Bank – Burlington, NC_Property for Sale
3239 South Church Street, Elon, NC, 27244, US

Pinnacle Bank – Burlington, NC

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 3239 South Church St, Burlington, 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
$4,964,000
Cap rate
6%
NOI
$298,000
WAULT
12 years
Building area net
9,616 sf

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. Dominant market position as the only Pinnacle location in Alamance County, holding an impressive $143M in deposits
  4. Strategically positioned near high-traffic retail including Holly Hill Mall (2.1M visitors) and the #2 most visited Lowe's in NC
  5. Located in a high-growth submarket with a 35% population increase since 2010 and excellent visibility to 24,500 VPD


Pinnacle Bank – Burlington, NC 4_Property for Sale
Pinnacle Bank – Burlington, NC 4_Property for Sale

Contact brokers

Pinnacle Bank – Burlington, NC (0 Properties)

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Last updated
Oct 6, 2025