1668 Montclair Rd - Freestanding FOR SALE
Irondale, AL 35210 |
1668 Montclair Rd
Irondale, AL 35210
HIGHLIGHTS
- 8+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- Absolute NNN Ground Lease with No Landlord Responsibilities
- 2% Annual Rental Increases During Base Term and 10% Increases Every 5 Years in Each Option
- Investment Grade Credit Tenant (Rated “A“ by S&P), 4th Largest Branch in the U.S. with 2,200+ Locations
- Ranked #139 on the 2024 Fortune 500, $559.7 Billion in Assets
- PNC Acquired BBVA (Headquartered in Birmingham) in 2021 for $11.6 Billion
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
PNC Bank Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Storefront
TOTAL BUILDING SIZE
3634
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
28
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
23-00-26-2-000-028.001
