Pinnacle Bank – Spartanburg SC — Sale in Spartanburg, SC
- Price: $4.9M
- Listing type: For sale
- Asset type: Retail Business
- Location: Spartanburg, SC 29302
- Year built: 2020
Photos
Investment Figures
- Cap rate
- 6.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in Pinnacle Bank located at 531 East Main Street in Spartanburg, South Carolina (“Property” or “Asset”). Pinnacle is operating on 15-year absolute NNN lease with ±11.8 years of primary lease term remaining, 1.9% annual rent escalations, two, five-year renewal options and zero landlord responsibilities. SC Broker of Record: Lee Allen - License #: 74245
Market Context
This retail in Spartanburg, SC is listed for sale at $4,931,000. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2020. Compare it against other retail listings for sale in Spartanburg, SC — view the full market.
Contact
- Brad Buchanan · 4049423192 · brad.buchanan@jll.com
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