Pinnacle Bank - Albermarle, NC
Retail | 6.00% CAP | 11,064 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 103 N 2nd St in Albemarle, NC (“Property” or “Asset”). Pinnacle is operating on an absolute NNN lease with ±11.8 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities.
NC Broker of Record: Pete Pitroff - NC License #: 163984
Investment highlights
Investment grade tenancy with Baa2 rating and stable outlook for Pinnacle Financial Partners
Absolute NNN lease with ±11.8 years of primary lease term remaining and 1.9% annual rent escalations
Exceptional $141M in deposits in 2024, nearly double the other Stanly County Pinnacle location
Merger with Synovus creates largest bank holding company in GA & largest bank in TN
Strong population growth of 12% since 2010 within a 3-mile radius of the property
Nearly top performing retail node with 3.2 million visits annually
Signalized intersection with direct visibility to 14,000+ VPD
Albemarle generates 67% of Stanly County's annual retail sales
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