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JLL is pleased to exclusively offer the opportunity to acquire a single-tenant, NNN ground leased PNC Bank (the “Property”) located in the Greater Cincinnati Area. PNC Bank recently signed a five-year extension option, which will begin in August 2021. The NNN ground lease features ten percent rental increases every five years throughout each of the three remaining five-year renewal options. The Property sits along an established retail thoroughfare adjacent to a Walmart Supercenter, offering maximum exposure and visibility within a highly-trafficked area. With absolutely zero landlord responsibilities, the Property offers a passive investment opportunity with contractual rental growth within the city of Forest Park, just 14-miles from the downtown Cincinnati area.
- Absolute NNN Ground Lease with 5+ years of term remaining
- High performing branch with $94.6 million in deposits
- 10% rental increases every five years
- Investment grade tenancy from one of the largest banks in the country
- 14 miles from downtown Cincinnati
- Excellent visibility with combined traffic counts of 150,000 VPD