PNC Bank - Net Lease Property for Sale
Concord, NC
Key Investment Metrics
Price
$6,392,000
Cap Rate
4.8%
Net Operating Income
$310,000
Building Size
2796 SF
Lot Size
2,796 SF
Land Area
1.21 Acres
Remaining Term
15 years
Lease Expiration
09/30/2041
Lease Term
15 years
Lease Commencement
10/01/2026
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2000
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This PNC Bank Net Lease Property
This PNC Bank NNN (triple net lease) property is located in Concord, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 2796 square feet of building space and was built in 2000.
With a cap rate of 4.8%, this PNC Bank net lease property offers stable income potential. The asking price is $6,392,000, 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.
Concord, NC Market Overview
Located in Concord, NC, this PNC Bank property benefits from strong local demographics and market fundamentals. The Concord area offers excellent visibility and accessibility, making it an ideal location for PNC Bank operations and a solid investment for net lease property buyers.