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29.69% Partial Interest - PNC Bank 8001 W Florissant Ave 3,009 SF Retail Building Saint Louis, MO 63136 $805,827 ($267.81/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Lease Type: Absolute NNN Lease, Corporate Guarantee
Rent Increases: 5% Starting 2027

Initial Lease Term: 8 Years
Investment Structure: Tenant-in-Common (TIC), suitable for 1031 exchanges

EXECUTIVE SUMMARY

This is an awesome opportunity to own a piece of an A credit rated NNN Investment. This is an absolute net ground lease with the 5th largest bank in America. The tenant recently renewed their first option period. There are 6.5 years left on the lease. There is an increase scheduled in 2027. Because of the quality of this investment the full property is not available but you can purchase any amount needed from $100,000 up to the full $805,827. This investment pays a 6% return.

PROPERTY FACTS

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Bank

Building Size

3,009 SF

Building Class

Year Built

2007

Price

$805,827

Price Per SF

$267.81

Cap Rate

NOI

$48,350

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

1.93 AC

Opportunity Zone

Yes

Zoning

C3 - C3 Zoning

Parking

56 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

104’ on Florissant Ave

Signage

Drive Thru

Finance and Insurance
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PNC offers a wide range of services for all their customers, from individuals and small businesses, to corporations and government entities. No matter how simple or complicated a person's needs, they are sure to have the products, knowledge and resources necessary for financial success. The PNC Retail Bank supports the financial needs of millions of individuals, families and small businesses, and fosters lifelong banking relationships built on expert advice and financial solutions across deposits, payments, personal lending, credit card, wealth advisory and brokerage. Through their coast-to-coast branch network, which includes approximately many branches, many PNC and partner ATMs, thousands of highly skilled and knowledgeable bankers, and telephonic, online, and mobile banking channels, they empower their clients with the solutions they need to move forward financially.