PNC Bank for Sale in Concord, NC
Concord, NC
Key Investment Metrics
Price
$6,392,000
Cap Rate
4.8%
Net Operating Income
$310,000
Building Size
2796 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
Property overview
PNC Bank in Concord
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,796 SF
- Land area
- 1.21 acres
- Year built
- 2000
- Lease type
- Absolute NNN
- Lease expiration
- 09/30/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.