Listed by KGL Advisors
$405,827
PNC Bank Ground Lease Tenant In Common Investment (14.9524%)
Details
Property Type Retail
Sub Type Bank
Square Footage 3,009
Net Rentable (SqFt) 3,009
Cap Rate 6%
NOI $24,333
Occupancy 100%
Tenancy Single
Brand/Tenant PNC Bank
Lease Type Absolute NNN
Lease Expiration 12/31/2032
Remaining Term 6.6
Rent Bumps Yes
Lease Options 3-5 year options
Price per SqFt $135
Broker Co-Op Yes
Class A
Acreage 2.000
Investment Type Institutional
Tenant Credit Credit Rated
Ownership Tenant In Common 14.9524%
Sale Condition 1031 exchange
This Tenant In Common investment opens the door for smaller investors to experience investment grade
Marketing description
This is a quality ground lease with one of the largest banks in the United States. This is a partial interest in the property. The seller is willing to divide his interest into even smaller portions to meet your investment need. Get an institutional quality investment with a small investment. Great for personal retirement accounts or small 1031 exchange requirements.
Investment highlights
Absolute NNN lease. Tenant exercised the first option three years early demonstrating a strong commitment to the quality site. Your portion of the rent is deposited directly to your bank account monthly. Tenant pays all upkeep, taxes and insurance.
Listing Contacts
Listed by KGL Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,333.00
$2,027.75/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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