Pinnacle Bank - High Point, NC (1028 Eastchester Dr)
1028 Eastchester Drive, High Point, NC, 27262, US
R 21,840,000 | 230 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 115 East Center St in Lexington, 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.
Located in Davidson County within the Piedmont Triad, Lexington demonstrates strong demographic fundamentals with a population of 40,000 and has grown 7%+ since 2010 within a five-mile radius.
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Attributes
Asking price
R 70,410,000
Cap rate
6%
NOI
R 4,231,000
WAULT
12.1 years
Building area net
772 m²
Land area gross
0 m²
Media
Investment Highlights
• Investment grade tenant with Baa2 stable outlook rating
• Approximately 12.1 years of primary lease term remaining with 1.9% annual rent escalations
• New $57M passenger rail development to catalyze Lexington economy
• 177 manufacturing companies employing 38,000 people locally
• 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
• Siemens Mobility's contribution to an estimated $1.6 billion economic boost over 12 years
• Population of 40,000 within a five-mile radius demonstrating 7%+ growth since 2010
• Signalized intersection with direct accessibility to 16,000+ VPD
Contact brokers
Pinnacle Bank – Lexington, NC (E Center St) (0 Properties)
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Last updated
22 Sep 2025
