PNC Bank | New 15-Year Absolute NNN Lease
2026 Remodel | Rare Depreciable Absolute NNN Bank Asset | 15-Year Lease
Marketing description
Surmount is pleased to present the exclusive listing for a PNC Bank located at 2770 Buford Highway Northeast, Duluth, GA 30096. The site consists of roughly 4,066 rentable square feet of building space on an estimated .98-acre parcel of land. This PNC Bank is subject to a 15-year Triple Net (NNN) lease. The current annual rent is $190,000 and has scheduled increases of 10.00% every 5 years.
Investment highlights
Absolute Triple-Net (NNN) Lease | Rare Depreciable Bank Asset | Zero Landlord Responsibilities | The property is subject to a long-term absolute triple-net lease with zero landlord responsibilities, offering a future landlord with a truly passive investment. The tenant just signed a 15-year lease at this property which was a retrofit of an existing building. This lease is triple-net, offering depreciation benefits for a future landlord unlike most new ground leased bank assets.
Original 15-Year Lease | Approximately Fifteen (15) Years Remaining | Four (4), Five (5)-Year Options Remaining | The property is subject to a long-term fifteen-year lease with rent set to commence in May 2026. There are fifteen years of lease term remaining.
Rental Increases Of 10.00% Every Five (5) Years & Throughout Option Periods | Hedge Against Inflation | The lease of the subject property features 10.00% increases every five years and in the next four, five-year option periods.
Complete Renovation & Remodel Of Existing Building In 2026 | 4,066 Square-Foot Building | 0.98-Acre Lot | Drive-Thru | Large Pylon Sign Along Buford Highway | 22,511 Vehicles Daily | The subject property is a 4,066 square-foot building located on a 0.98-acre lot. There is a large pylon sign with frontage along Buford Hwy, a seven-lane highway with 22,511 vehicles daily. The building underwent a complete renovation and remodel in 2026.
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