Pinnacle Bank | Chapel Hill, NC

Centrally located in the heart rapidly-growing Chapel Hill, five minutes from UNC and Franklin St. and a quick drive to Duke and Downtown Durham. Convenient to I-40, with easy access to Research Triangle Park, Raleigh-Durham Airport and Downtown Raleigh.Unique opportunity to acquire a 100% leased freestanding single-tenant property with an investment grade tenant in one of the Triangle's hottest sub-markets. Built in 1981 and gut renovated in 2007, this property has housed Pinnacle Financial Partners' Chapel Hill operations since 2018, and its predecessor bank's since 2007. Pinnacle has 6.6 years remaining on the lease, with a 3% annual rent escalation and the opportunity for a five year extension. It's also recently upgraded the property with an additional $265,000 investment, signifying its commitment to the location for many years to come. Nestled in the booming, high-income community and college town of Chapel Hill, with easy access via I-40 to all areas of the Triangle, Pinnacle is poised to thrive in in this location, providing a high-quality, stable investment opportunity in a premium market.