Pinnacle Bank - Mt. Juliet, TN
Office | 35,292 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 551 North Mt. Juliet Road, Mt. Juliet, Tennessee (“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 with branch bank, IT, Security and various support groups.
TN Broker of Record: Richard Reid – TN License #: 321591
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 with branch bank, IT, Security, support groups
Deposit base of $193,484,000
1 - mile from the #3 most visited power center in Tennessee
Affluent residential base with $174K in average household income within 1-mile radius
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