Pinnacle Bank - Archdale, NC
Retail | 5,196 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 113 Trindale Rd, Archdale, NC (“Property” or “Asset”). Pinnacle is operating on 15-year 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
Limited Nonresident Commercial Real Estate Broker or Salesperson: Alex Sharrin, Alex Geanakos
Investment highlights
Operating on an absolute NNN lease with ±11.8 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).
High-performing branch with $124M in deposits, reflecting a strong 17% increase since June 2024
Situated in a rapidly growing area surrounded by new development, including the largest residential community in Archdale's history (536 units) and Axium Packaging's new $32M facility
Features a dense immediate population of 79,000 within a five-mile radius
Excellent visibility and access on a major corridor with over 25,100 vehicles per day
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