Log In/Sign Up
Your email has been sent.
PNC Bank Ground Lease 1668 Montclair Rd 3,634 SF Retail Building Irondale, AL 35210 $2,454,000 ($675.29/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 2% Annual Rental Increases During Base Term and 10% Increases Every 5 Years in Each Option
- Ranked #139 on the 2024 Fortune 500, $559.7 Billion in Assets
- Absolute NNN Ground Lease with No Landlord Responsibilities
- Investment Grade Credit Tenant (Rated “A“ by S&P), 4th Largest Branch in the U.S. with 2,200+ Locations
- PNC Acquired BBVA (Headquartered in Birmingham) in 2021 for $11.6 Billion
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,634 SF
Building Class
B
Year Built
2007
Price
$2,454,000
Price Per SF
$675.29
Cap Rate
6.65%
NOI
$163,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.64 AC
Zoning
CB2 - Commercial
Parking
28 Spaces (7.7 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-00-26-2-000-028.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $259,840 |
PROPERTY TAXES
Parcel Number
23-00-26-2-000-028.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$259,840
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
PNC Bank Ground Lease | 1668 Montclair Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.