PNC Bank (Dark)

PNC Bank (Dark)

Birmingham, AL

Birmingham, AL

PNC Bank (Dark)

Offered for sale is the opportunity to acquire a double net lease PNC Bank in Birmingham, Alabama. The property consists of a 4,036-square-foot, freestanding building that sits on 0.56 acres of land. There are 2.8 years remaining on the current lease term. Broker of Record for AL: Eddie Greenhalgh, License: 000088298-0, P: (205) 510-9200

Price $579,000
Cap Rate 8.50%
Building Size 4,036 sqft
Lot Size 0.56 acres
Year Built 1966
Offering Memorandum

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Redevelopment Opportunity - PNC has Future Rent Obligations Over the Remaining 2.8 Years of Lease Term
  • Excellent Access and Visibility on Bankhead Highway West (41,384 VPD), Where Traffic Counts have Steadily Increased over the Trailing Three Years
  • More than 146,000 Residents Within a Five-Mile Radius
  • 3.5 Miles to Downtown Birmingham - MSA Population of 1.2 Million Residents

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
Go to Top