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PNC Bank 2782 S Church St 3,439 SF Retail Building Murfreesboro, TN 37127 $5,049,000 ($1,468.16/SF) 5.15% Cap Rate
Investment Highlights
- New 20-Year Lease | Options To Extend | Scheduled Rental Increases | Investment-Grade Tenant (S&P: A-)
- High Traffic Intersection | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
• PNC Bank corporate (S&P: A-) signed lease
• New 20-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• New 20-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,439 SF
Building Class
C
Year Built/Renovated
2006/2026
Price
$5,049,000
Price Per SF
$1,468.16
Cap Rate
5.15%
NOI
$260,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.06 AC
Zoning
CH - Commercial Highway
Parking
29 Spaces (8.43 Spaces per 1,000 SF Leased)
Frontage
206’ on Church St
Amenities
- Corner Lot
- Pylon Sign
- Security System
- Drive Thru
- Wheelchair Accessible
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 125C-A-002.02-000 | Improvements Assessment | $259,120 |
| Land Assessment | $318,520 | Total Assessment | $577,640 |
Property Taxes
Parcel Number
125C-A-002.02-000
Land Assessment
$318,520
Improvements Assessment
$259,120
Total Assessment
$577,640
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PNC Bank | 2782 S Church St
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