12601 Lake June Rd - Bank FOR SALE


Balch Springs, TX 75180
$2,777,778 USD
314-324-8792
12601 Lake June Rd, Balch Springs, TX for Sale
$2,777,778 USD
Bank - FOR SALE
1/5
null | 5.4% Cap Rate

12601 Lake June Rd
Balch Springs, TX 75180


HIGHLIGHTS

  • The building was previously a Carl’s Jr. that has been updated to PNC’s standards.
  • The property is ideally positioned at the intersection of I-635 (165,000 VPD) and Lake June Rd. (12,500 VPD)
  • More than 55,000 residents earning an average household income of $76,000 are located within 2 miles of the site.
  • he intersection is anchored by Walmart and Amazon DC and include other national retailers like Wendy’s, Chase Bank, Raising Canes, Whataburger

OVERVIEW

New Long Term Lease: PNC recently signed a new 15 year lease with 10% rent bumps every 5 years providing passive ownership. Investment Grade Tenant: PNC (NYSE:PNC) is a leading financial services provider in the country with over 2,500 locations and an S&P credit rating of A.

FOR SALE DETAILS

PRICE

$2,777,778 USD

PRICE/SF

$1,162 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,503 SF

ZONING

Z35

APN/PARCEL ID

12046800000010000

ASK ABOUT THIS PROPERTY

Graham GoldStream Capital PartnersMore Info
314-324-8792

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Graham GoldStream Capital PartnersMore Info
314-324-8792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.