AR REALTY is pleased to present the opportunity to acquire a single tenant, absolute NNN leased investment property located in Ocala, FL. The property consists 4702 total sf with 3213 sf of interior improvements sitting on a total of 0.91 acres. PNC Bank acquired BBVA Compass Bank in June of 2021 and took over this branch which has been doing business here since 2005. PNC has recently exercised their first of four 5-year options to begin at the end of 2025. This is a great opportunity for an absentee investor to sit back and collect with annual rent increases of 3%. Tenant maintains the property and pays all operating expenses directly. PNC's Corporate Guarantee is stellar with assets of $557 billion as of June 30, 2024. Property is strategically located on 233 feet of frontage at the hard corner signalized intersection of SE Maricamp Rd and SE 36th Avenue; a very busy intersection with a traffic count of more than 55,800 vehicles per day. When exercising their option early, PNC reduced the scheduled rent to reflect current values. They have maintained the 3% yearly increases and we have priced the property based on the reduced rent role in year two. Current rent is $221,431.56 with a 3% increase beginning 11/1/24. The 5-year extension begins on 11/1/25 with base rent reducing to $171,450. The asking price is the combination of the 2026 rent at a 6.02% cap rate and the NPV of the current rent in excess of the 2026 rent. The NPV calculation is based on a sale date of November 2024 and a discount rate of 6.00%. Total purchase price is $2,911,055 which includes the NPV of the excess rent.