Lowest Cap Rate
5.30%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.49%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.95%
Average Cap Rate over previous quarter
Overview
PNC Bank is a retail bank offering a variety of services. PNC currently has over 2,500 branches and over 9,000 ATM machines across the country. Many of the PNC branches are sold as ground leases to NNN investors. The average lease term is 15-20 years with rent escalations of 10% every 5 years. These rental escalations make PNC a highly sought after investment property.
Property & Lease
Sales Price Range$2,000,000 - $4,000,000
NOI Range$100,000 - $250,000
Building SF3,000
Lease Term15 - 20 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:PNC
Credit Rating
S&PA-
Moody'sA3
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
7.17
7.03
6.67
7.24
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Chickasaw, AL8.83%
Chandler, AZ7.24%
St Charles, IL5.70%
Top Consumer Traffic
Washington, DC441,900
Woodbridge, VA314,100
Washington, PA277,100
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
