Pinnacle Bank - High Point, NC (N Elm Street)
Office | 13,716 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Pinnacle Financial Partners located at 801 North Elm Street in High Point, North Carolina (“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.
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 ±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)
Executive office location for Pinnacle Bank operations
1 mile from High Point University (1 Regional College in South)
100% occupied by Pinnacle’s Administrative and Associates
Less than one mile from a new mixed-use development (expected delivery 2026)
26,000+ projected population growth in High Point by 2045
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