Long-Term Absolute NNN Lease: Structured as a 20-year absolute NNN lease with over 15 years of term remaining, inclusive of four (4) five-year renewal options, and providing for ZERO landlord responsibilities.
Tax Advantage: Located in a no state income tax environment.
Extremely Rare 12.5% Increases: The lease includes 12.5% rent escalations every five years throughout the base term and renewal options, with the next increase scheduled for May 2026—delivering consistent income growth and a strong hedge against inflation.
Rare Fee Simple Lease Structure: The property is offered fee simple, providing investors with full ownership of both the building and underlying land—an uncommon structure compared to many ground-leased bank branch investments.
Prime Retail Location with Dominant National Co-Tenancy: Strategically positioned as an outparcel to Costco and surrounded by strong national retailers including Marshalls, Petco, Crumbl, and Five Guys, creating a highly trafficked retail corridor that drives consistent consumer activity and exceptional site visibility.
High-Traffic, Signalized Intersection: Prominently located at the intersection of Highway 380 and S. Hardin Blvd, a major retail corridor with 105,633 vehicles per day, offering excellent accessibility, strong commuter traffic, and sustained customer exposure.
Adjacent to Major Employment Hub: The property is located directly next to a Raytheon campus employing approximately 3,000 people, providing a significant daytime population and reinforcing the site’s long-term visibility, consumer traffic, and underlying real estate fundamentals.
Investment Grade Tenant: PNC (NYSE:PNC) is a leading financial services provider in the country with over 2,500 locations and an S&P credit rating of A.
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