Listed by Stream Capital Partners
$5,691,176
PNC Bank | Solutions Center
Details
Property Type Retail
Sub Type Bank
Square Footage 4,000
Cap Rate 4.25%
NOI $241,875
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America
Lease Type Absolute NNN
Lease Expiration 05/30/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4, 5 Year Options
Price per SqFt $1,423
Year Built 2021
Acreage 0.990
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 4.25% CAP | 4,000 SqFt
Investment highlights
- Long-Term Absolute NNN Lease: Structured as a 20-year absolute NNN lease with over 15 years of term remaining, inclusive of four (4) five-year renewal options, and providing for ZERO landlord responsibilities.
- Tax Advantage: Located in a no state income tax environment.
- Extremely Rare 12.5% Increases: The lease includes 12.5% rent escalations every five years throughout the base term and renewal options, with the next increase scheduled for May 2026—delivering consistent income growth and a strong hedge against inflation.
- Rare Fee Simple Lease Structure: The property is offered fee simple, providing investors with full ownership of both the building and underlying land—an uncommon structure compared to many ground-leased bank branch investments.
- Prime Retail Location with Dominant National Co-Tenancy: Strategically positioned as an outparcel to Costco and surrounded by strong national retailers including Marshalls, Petco, Crumbl, and Five Guys, creating a highly trafficked retail corridor that drives consistent consumer activity and exceptional site visibility.
- High-Traffic, Signalized Intersection: Prominently located at the intersection of Highway 380 and S. Hardin Blvd, a major retail corridor with 105,633 vehicles per day, offering excellent accessibility, strong commuter traffic, and sustained customer exposure.
- Adjacent to Major Employment Hub: The property is located directly next to a Raytheon campus employing approximately 3,000 people, providing a significant daytime population and reinforcing the site’s long-term visibility, consumer traffic, and underlying real estate fundamentals.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,875.00
$20,156.25/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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