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PNC Bank Ground Lease 4402 Little Rd 2,635 SF Retail Building Arlington, TX 76016 $3,842,000 ($1,458.06/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Zero Landlord Responsibility Corporate Albertsons Shadow Anchored PNC Bank Ground Lease Asset Located in Arlington, TX
- 2025 Lease Commencement Partial Masonry Construction Bank with Drive Thru ATM Adjacent to Chick-Fil-A & Whataburger
- Moments from Intersection of Interstate 20 & Little Road Containing 1,400,000 SF of Retail, Restaurant & Entertainment GLA in a 1- Mile Radius
- 20 Year Ground Lease with 10% Rent Escalations Every 5-Years & Zero Landlord Responsibilities
- PNC Bank Corporate Credit Rated “A” by S&P & “A2” by Moody’s, Both Considered Investment Grade
- Average Household Income Exceeds $120,600 & $118,700 in 1- & 3- Mile Radius, Respectively
EXECUTIVE SUMMARY
PNC recently signed a 20-year corporate ground lease for a new 2025 renovated bank branch shadow anchored to Albertsons in the affluent DFW submarket of Arlington, Texas. The Property is located 15 minutes from downtown Fort Worth, 20 minutes from DFW Airport and 25 minutes from downtown Dallas. PNC Bank Ground Lease sits on +/- 0.40 acres with excellent positioning on Little Road boasting traffic counts exceeding 36,500 VPD. The Property consists of newly renovated 2,635 SF partial masonry construction bank with a walk up ATM with highly visible two sided monument sign fronting Little Road. The ground lease features 10% rental escalations every 5-years with four 5-year renewal options and zero landlord responsibilities. PNC Bank is a publicly traded company (NYSE: PNC) with a corporate credit rating of “A” by S&P and “A2” by Moody’s, both considered investment grade. Notable national retailers in the immediate area include Albertsons, Walmart Supercenter, Kroger, Sprouts, LA Fitness, Aldi, Office Depot, Walgreens, Chick Fil A, Whataburger, Chipotle and UPS amongst others.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,635 SF
Building Class
B
Year Built
2025
Price
$3,842,000
Price Per SF
$1,458.06
Cap Rate
4.75%
NOI
$182,495
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.40 AC
Parking
24 Spaces (9.11 Spaces per 1,000 SF Leased)
Frontage
233’ on Little Rd.
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06471927 | Improvements Assessment | $305,896 |
| Land Assessment | $260,175 | Total Assessment | $566,071 |
PROPERTY TAXES
Parcel Number
06471927
Land Assessment
$260,175
Improvements Assessment
$305,896
Total Assessment
$566,071
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PNC Bank Ground Lease | 4402 Little Rd
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