Pinnacle Bank - Roanoke, VA (Campbell Ave)
Office | 27,810 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 202 Campbell Avenue Southeast in Roanoke, Virginia (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±12 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities. The Asset is 100% occupied by Pinnacle’s retail and commercial offices.
VA Broker of Record: Andrew Weir – VA License #: 0225099542
Investment highlights
Operating on an absolute NNN lease with ±12 years of lease term remaining and 1.9% annual rent escalations
Pinnacle Financial Partners is the largest bank in TN & largest bank holding company in GA with an investment grade rating (Moody’s: Baa2)
100% occupied by Pinnacle’s retail and commercial offices
Signalized intersection just off I-581 with direct accessibility to 96,000 VPD
Within historic Campbell & Jefferson innovation district in largest metropolitan area in Virginia’s Blue Ridge Mountains
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