Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee simple interest in the PNC Bank property located at 1021 Ewall St, Mt. Pleasant, SC (“The Property”). The Property consists of a freestanding retail bank branch spanning ± 3,670 square feet on a prime corner lot.
PNC Bank operates under a Double Net lease with landlord responsibilities limited to the roof and structure. The tenant has just executed an early five (5) year lease extension, bringing the total lease term remaining to ± 6.5 years.
Strategically located in the high-growth Charleston MSA, the Property benefits from strong visibility and access along a high-traffic corridor. The area boasts affluent demographics, with an average household income exceeding $151,000 within a 5-mile radius. PNC Bank (NYSE: PNC) is one of the largest financial institutions in the U.S., with $550+ billion in assets and a strong market presence. The company has been a trusted banking partner for over 170 years, reinforcing the stability of this investment opportunity.