Pinnacle Bank – Roanoke, VA (Hershberger Rd)
1518 Hershberger Road, Roanoke, VA, 24012, US
$1,242,000 | 2,534 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 8 East Main Street in Salem, Virginia (“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
$3,319,000
Cap rate
6%
NOI
$200,000
WAULT
12 years
Building area net
6,774 sf
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)
- Prime location adjacent to the #1 ranked Roanoke College and near the Salem VA Medical Center (78,000 annual patients)
- Only Pinnacle Bank in Salem ($46M deposits), located near a top 5 most visited retail center in a 50-mile radius
- Affluent demographics with $99K average household incomes and direct visibility on Main Street (13,000 VPD)
Contact brokers
Pinnacle Bank – Salem, VA (0 Properties)
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Last updated
Oct 6, 2025
