PNC Bank / Absolute NNN Ground Lease1
Affluent Milwaukee's Suburb / #1 School District In Entire State
Marketing description
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a PNC Bank located in Brookfield, Wisconsin. PNC Bank has operated successfully at this location since 2012 under an absolute NNN ground lease with a current term through January 2032, plus five 10-year renewal options featuring 8%–10% rent increases at each option.
PNC Bank is one of the largest diversified financial services institutions in the U.S. It operates over 2,200 branches coast-to-coast and 60,000+ ATM networks. In 2025, PNC generated a record 22 billion in revenue and $7 billion in net income. The company is actively investing $2 billion to open 300+ new branches over the next 5 years.
Brookfield, just 15 miles west of downtown Milwaukee, is one of the region’s most established and affluent suburbs, supported by the #1 “Best School District in Wisconsin,” median household income exceeding $129,000 (3-mile), and homeownership above 82%. It benefits from the broader Greater Milwaukee economic powerhouse of 1.5+ million residents and GDP over $130 billion, anchored by six Fortune 500 headquarters including Northwestern Mutual, Kohl’s, Fiserv, and Rockwell Automation. The area offers a highly desirable quality of life with major regional destinations and events, including Summerfest, along with cultural and sports anchors such as the Milwaukee Art Museum, Harley-Davidson Museum, the Milwaukee Brewers at American Family Field, and the Milwaukee Bucks at Fiserv Forum.
In Association With ParaSell, Inc., A Licensed Wisconsin Broker - Lic. #938545-91
Investment highlights
- ABSOLUTE NNN GROUND LEASE - 6.8+ Years Remaining. 50 Years Renewal Options. Rent Increases Throughout
- LONG SUCCESSFUL HISTORY AT LOCATION - PNC Bank At Location Since 2012. Backed By $2B Branch Investments Over 5 Years
- BROOFIELD IS ONE OF THE REGION’S MOST AFFLUENT SUBURBS - $129K Median Household Income. #1 “Best School District In Wisconsin”
- 15 MILES FROM MILWAUKEE, AN ECONOMIC POWERHOUSE - 1.5+ Million Residents. $130B GDP. 6 Fortune 500 Companies
- NATIONAL INVESTMENT-GRADE TENANT [NYSE:PNC] - $22B Revenue. S&P Investment Grade A. Corporate Guaranteed Lease
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