Pinnacle Bank - High Point, NC (Eastchester Dr)
2630 Eastchester Drive, High Point, NC, 27265, US
₫120,708,683,000 | 840 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 707 Green Valley Road, Greensboro, NC (the "Property" or "Asset"). Pinnacle operates under a 15-year absolute NNN lease with approximately 12 years of primary lease term remaining, featuring 1.9% annual rent escalations, two five-year renewal options, and zero landlord responsibilities.
Located in northwest Greensboro, the Property sits two miles from downtown Greensboro and 23 miles from downtown Winston-Salem in the Piedmont Triad Region. The bank is positioned along Green Valley Road, one of Greensboro's busiest commercial arteries, at the signalized intersection with Highway 70, providing direct access to more than 55,000 vehicles per day.
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Attributes
Asking price
₫266,610,120,000
Cap rate
6%
NOI
₫16,022,117,000
WAULT
12.1 years
Building area net
2,049 m²
Land area gross
0 m²
Media
Investment Highlights
• Investment grade tenant with Baa2 stable outlook rating from Moody's
• Approximately 12 years of primary lease term remaining with 1.9% annual rent escalations
• Outparcel location at Friendly Center, the #1 most visited shopping center in North Carolina (top 1% in the U.S.)
• Operates under absolute NNN lease structure with zero landlord responsibilities
• Exceptional $430M in 2024 deposits, representing the 2nd highest deposit location in Guilford County
• Merger with Synovus creates largest bank holding company in Georgia and largest bank in Tennessee
• Strong demographics with $126K average household income within a 1-mile radius
• Located in high-growth submarket experiencing 13% population growth
• Adjacent to Cone Health Wesley Long Hospital, a 175-bed acute-care facility
Contact brokers
Pinnacle Bank – Greensboro, NC (0 Properties)
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Last updated
22 Sep 2025
