HIGHLIGHTS
- 8+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- Absolute NNN Ground Lease with No Landlord Responsibilities
- 2% Annual Rental Increases During Base Term and 10% Increases Every 5 Years in Each Option
- Investment Grade Credit Tenant (Rated “A“ by S&P), 4th Largest Branch in the U.S. with 2,200+ Locations
- Ranked #139 on the 2024 Fortune 500, $559.7 Billion in Assets
- PNC Acquired BBVA (Headquartered in Birmingham) in 2021 for $11.6 Billion
FOR SALE DETAILS
PRICE
$2,611,000 USD
PRICE/SF
$718 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PNC Bank Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
CB2
APN/PARCEL ID
23-00-26-2-000-028.001
ASK ABOUT THIS PROPERTY
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858-373-3174
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858-373-3174
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