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Bank

PNC Bank (Dark)

1151 Bankhead Hwy W, Birmingham, AL 35204

Listing Price: $579,000

Cap Rate
8.50%
Tenant Name
PNC Bank
Years Remaining On Lease
2.8
Gross SF
4,036
Guarantor
Corporate Guarantee
Rentable SF
4,036
Price/Gross SF
$143.46
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Overview

Marcus and Millichap is pleased to present 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

Investment Highlights

  • 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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Listing Price: $579,000

Cap Rate
8.50%
Tenant Name
PNC Bank
Years Remaining On Lease
2.8
Gross SF
4,036
Guarantor
Corporate Guarantee
Rentable SF
4,036
Price/Gross SF
$143.46
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Highlights

  • 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

Investment Overview

Marcus and Millichap is pleased to present 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

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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