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Mixed-Use

NNN PNC BANK

1413 P St NW, Washington, DC 20005

Listing Price: $10,400,000

Cap Rate
5.00%
Number of Units
1
Occupancy
100.0%
Price/Unit
$10,400,000
Price/Gross SF
$2,530.41
Gross SF
4,110

Investment Overview

PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is on the list of largest banks in the United States by assets. It is the 5th largest bank by number of branches, 6th largest by deposits, and 4th largest in number of ATMs.

Investment Highlights

  • Extremely Rare Downtown Washington DC NNN Bank Condo – Ground Floor of a Six - Story Residential Building
  • 3% Annual Rent Increases
  • PNC Recently Extended Their Lease by Exercising a Six Year Renewal Option n – PNC has One Six-Year Renewal Remaining

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Listing Price: $10,400,000

Cap Rate
5.00%
Number of Units
1
Occupancy
100.0%
Price/Unit
$10,400,000
Price/Gross SF
$2,530.41
Gross SF
4,110

Investment Highlights

  • Extremely Rare Downtown Washington DC NNN Bank Condo – Ground Floor of a Six - Story Residential Building
  • 3% Annual Rent Increases
  • PNC Recently Extended Their Lease by Exercising a Six Year Renewal Option n – PNC has One Six-Year Renewal Remaining

Investment Overview

PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is on the list of largest banks in the United States by assets. It is the 5th largest bank by number of branches, 6th largest by deposits, and 4th largest in number of ATMs.

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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