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29.69% Partial Interest - PNC Bank 8001 W Florissant Ave 3,009 SF Retail Building Saint Louis, MO 63136 $1,101,993 CAD ($366.23 CAD/SF) 6% Cap Rate
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
Property Type
Retail
Property Subtype
Bank
Building Size
3,009 SF
Building Class
B
Year Built
2007
Price
$1,101,993 CAD
Price Per SF
$366.23 CAD
Cap Rate
6%
NOI
$66,120 CAD
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
Amenities
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
-
Jan 0000
PNC Bank has origins dating back to 1852 with the founding of Pittsburgh Trust and Savings Company. It became PNC Financial Corporation in 1983 through a merger. The company has since grown through various mergers and acquisitions. PNC Bank operates as a diversified financial institution offering services like retail banking, corporate banking, and wealth management. It serves millions of customers and has a significant presence in many U.S. markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 13G-42-0883 | Improvements Assessment | $335,028 CAD |
| Land Assessment | $130,001 CAD | Total Assessment | $465,029 CAD |
Property Taxes
Parcel Number
13G-42-0883
Land Assessment
$130,001 CAD
Improvements Assessment
$335,028 CAD
Total Assessment
$465,029 CAD
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29.69% Partial Interest - PNC Bank | 8001 W Florissant Ave
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