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8 E MAIN ST Salem VA 24153-3807

[Locked] • APN 121-1-4

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Details
Property Type Retail
Sub Type Bank
Building SqFt 6,804
Lot SqFt 24,673
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code DBD
Year Built 1999
Building Count 2
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Remaining Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Bank
Asking Details
Asking Cap Rate
******
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 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.

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)

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Zoning

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DBD CommercialSpecial CommercialDowntown Business District
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Sold on
 BY:
AG
Alex Geanakos PRO
•••.•••.6856
••••.••••akos@•••.com
Brokerage logo
Sold on
 BY:
AS
Alex Sharrin PRO
•••.•••.5545
••••.•••rrin@•••.com
Brokerage logo
Sold on
 BY:
TR
Torri Rosene PRO
•••.•••.3266
•••••.••sene@•••.com
Brokerage logo

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