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PNC Bank NNN deal

Property price: $2,486,750 + Closing costs
*2% Commission

 PNC Bank located at  3265 Peachtree Parkway in Suwanee Georgia (the “Property”). The Property is an out- parcel of The Shops at Laurel Springs, a Publix-anchored shopping center that serves as a primary retail destination for dense surrounding residential neighborhoods. Located less than 30 miles northeast of downtown Atlanta.

Located in one of the fastest growing cities in the State of Georgia, and one of the most densely populated cities in the Atlanta MSA, the Property is within an area that features exceptional demographics with a population in excess of 166,337 and average household income of over $136,997 within a ve mile radius. This asset sits in a premier area whereby future tenancy will exist and thrive. With an existing drive-thru, the building can be used for another bank or retailer, making this site very attractive for re-tenanting purposes.

PNC’s lease is guaranteed by PNC Bank, National Association (S&P: A/Stable). While no longer operating within the facility, PNC is obligated to ful ll lease responsibilities through June 30, 2019. The Property is comprised of a 4,120 square foot building situated on 0.9825 acres of land. This Property o ers investors a high yield and an excellent value add opportunity through re-tenanting after lease expiration. The lease is NNN in nature with landlord responsibility limited to capital expenses for maintenance, repairs and/or replacements to the roof, parking lot, foundation and structural portions of the Building.

  • Status: For sale
  • Year Built: 2004
  • Building size: 30,000sqft (2787.09sqm )
  • Lot size: 0.9825 (2797.7sqft )
  • Tenants: 1
  • Financial details

  • Monthly Rent: $20,722.9
  • Annual Gross Rent: $248,675
  • Real estate taxes: N/S
  • Insurance: N/S
  • Utilities: N/S
  • Repairs & maintanence: N/S
  • Lot sweeping: N/S
  • Pest control: N/S
  • Landscaping: N/S
  • Video monitoring: N/S
  • Fire protection: N/S
  • Cleaning services: N/S
  • Waste removal: N/S
  • Management fee: N/S
  • Administrative: N/S
  • Reserves/Replacement: N/S
  • Vacancy: N/S
  • Total Annual Expenses: N/S
  • Net Yearly Income: ִ$248,675
  • Net Annual Return: 10%
  • Financial Expenses

  • 70% Loan To Property Price: $1,740,725
  • Equity: $746,025
  • Expected Interest: 5% fixed for 25 years
  • Monthly Return: $10,176.11
  • Annual Return: $122,113.32
  • Annual Interest Return: $82,355.75
  • Annual Principal Return: $39,757.57
  • Net Income After Financing Expenses: $126,561.68
  • Net Income After Financing Expense and Principal Return: $166,319.25
  • Total Annual Return: 16.96%
Pacific Holdings
Real Estate Investments
(800) 403-3407
8484 Wilshire Blvd #870
Beverly Hills, CA 90211
Direct: (800) 403-3407
Fax: (877) 607-7556