Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2006
Building Area
Land Area ()

Property Description

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.

Investment Highlights

  • 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
Last Updated Date: 01 Mar 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 01 Mar 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.