PNC Bank - Net Lease Property for Sale
Boardman, OH
Key Investment Metrics
Price
$1,663,000
Cap Rate
7.0%
Net Operating Income
$116,380
Building Size
3504 SF
Lot Size
3,504 SF
Land Area
0.72 Acres
Remaining Term
5.3 years
Lease Expiration
10/31/2031
Lease Term
10 years
Lease Commencement
11/01/2021
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1969
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every Five (5) Years
About This PNC Bank Net Lease Property
This PNC Bank NNN (triple net lease) property is located in Boardman, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 3504 square feet of building space and was built in 1969.
With a cap rate of 7.0%, this PNC Bank net lease property offers stable income potential. The asking price is $1,663,000, making it an attractive option for 1031 exchange investors seeking quality PNC Bank commercial properties.
Why Invest in PNC Bank NNN Properties?
- Stable Income: PNC Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: PNC Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Boardman, OH Market Overview
Located in Boardman, OH, this PNC Bank property benefits from strong local demographics and market fundamentals. The Boardman area offers excellent visibility and accessibility, making it an ideal location for PNC Bank operations and a solid investment for net lease property buyers.