Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$2,600,000
PNC Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 2,300
Cap Rate 5%
NOI $130,000
Occupancy 100%
Tenancy Single
Brand/Tenant PNC Bank
Lease Type Absolute NNN
Lease Term 21
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $1,130
Year Built 2026
Acreage 0.630
Zoning RR - Regional Retail
Parking Spaces 23 spaces
Parking per 1,000 SqFt 10.00
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Ground Lease Yes
Ownership Leased Fee (Land Only)
Retail | 5.00% CAP | 2,300 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased PNC Bank ground lease investment property located in Dallas, Texas. The tenant recently executed a 20-year lease with four (5-year) options to extend, demonstrating long-term commitment to the site. The lease features 10% rent increases every five years throughout the initial term and at the beginning of each option period, providing steady NOI growth and a hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- 20-Year Lease | Options To Extend | Scheduled Rental Increases\
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Signalized, Hard-Corner Intersection | Excellent Visibility & Access
- Outparcel To Mixed-Use Development and Future Tom Thumb | Strong National/Credit Tenant Presence | Dense Retail Corridor
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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