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PNC Bank 8541 Concord Mills Blvd 2,508 SF Retail Building Concord, NC 28027 $6,392,000 ($2,548.64/SF) 4.85% Cap Rate
Investment Highlights
- Corporate Guaranty From PNC Bank – Standard & Poor’s “A” Credit Rating – Publicly Traded Company– NYSE: PNC
- Outparcel to Concord Mills Mall – #1 Super Regional Mall in NC – 11.7 Million Visitors Annually (source: Placer.ai)
- Affluent Demographics – Strong Consumer Spending – Proximity to Charlotte Motor Speedway
- Brand New 15 Year Absolute NNN Lease – No Landlord Responsibilities
- Charlotte MSA – Major U.S. Banking Hub – High-Growth Southeast Economy – 2.9M+ Residents; $255B+ in Annual Economic Output
Executive Summary
Lee & Associates and NNN Investment Group are pleased to present the opportunity to acquire the fee simple interest in a newly renovated PNC Bank located at 8541 Concord Mills Boulevard in Concord, North Carolina, within the Charlotte MSA. The property consists of a 2,796-square-foot standalone bank building situated on 1.21 acres as an outparcel to Concord Mills Mall, the #1 super-regional mall in North Carolina. PNC Bank, National Association has executed a new 15-year absolute NNN lease commencing in 2026, providing investors with a long-term, passive income stream backed by one of the nation’s largest financial institutions.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,508 SF
Building Class
B
Year Built
2000
Price
$6,392,000
Price Per SF
$2,548.64
Cap Rate
4.85%
NOI
$310,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.22 AC
Zoning
C-2 - General commercial activities such as shopping centers, repair shops, wholesale & retail sales w/limited outdoor display of goods/operations.
Parking
52 Spaces (20.73 Spaces per 1,000 SF Leased)
Frontage
135’ on Concord Mills Blvd
Amenities
- Banking
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4589-65-1079-0000 | Improvements Assessment | $815,230 |
| Land Assessment | $2,253,250 | Total Assessment | $3,068,480 |
Property Taxes
Parcel Number
4589-65-1079-0000
Land Assessment
$2,253,250
Improvements Assessment
$815,230
Total Assessment
$3,068,480
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PNC Bank | 8541 Concord Mills Blvd
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