5355 Ridge Rd - Bank FOR SALE


Charlotte, NC 28269- Davis Lake-Eastfield | 
$2,778,000 USD
980-498-3293
5355 Ridge Rd, Charlotte, NC for Sale
$2,778,000 USD
Bank - FOR SALE
1/5
null | 4.5% Cap Rate

5355 Ridge Rd
Charlotte, NC 28269
Davis Lake-Eastfield


HIGHLIGHTS

  • PUBLIX-ANCHORED NODE WITH PLACER-VALIDATED CONSUMER TRAFFIC - The property is positioned within Prosperity Village, anchored by Publix (Top 9% Nationw
  • DENSE & AFFLUENT NORTHEAST CHARLOTTE TRADE AREA - Located within Charlotte's growing northeast corridor, the property serves 178,236 residents within
  • IRREPLACEABLE INFILL LOCATION WITH IMMEDIATE I-485 ACCESS - Situated along Ridge Road (15,770 VPD) near I-485 (112,000 VPD) Exit 26, the property occu

OVERVIEW

PUBLIX-ANCHORED NODE WITH PLACER-VALIDATED CONSUMER TRAFFIC - The property is positioned within Prosperity Village, anchored by Publix (Top 9% Nationwide) and surrounded by national retailers including Harris Teeter, Chick-fil-A (Top 3%), IHOP (Top 13%), and ALDI (Top 25%). DENSE & AFFLUENT NORTHEAST CHARLOTTE TRADE AREA - Located within Charlotte's growing northeast corridor, the property serves 178,236 residents within five miles with average household incomes of $151,698 within three miles, supporting a deep and affluent consumer base. IRREPLACEABLE INFILL LOCATION WITH IMMEDIATE I-485 ACCESS - Situated along Ridge Road (15,770 VPD) near I-485 (112,000 VPD) Exit 26, the property occupies an established infill location in the Prosperity Village submarket, where limited land availability supports long-term real estate value. BRAND-NEW 20-YEAR CORPORATE LEASE | 12% RENT ESCALATIONS - PNC Bank has executed a brand-new 20-year ground lease on a to-be-built 2026 branch, with 12% rent escalations every 5 years and in options periods. PNC is responsible for all construction costs and has already commenced paying rent. INVESTMENT-GRADE CREDIT: S&P A-RATED WITH $573 BILLION IN ASSETS - PNC Bank is one of the 10 largest U.S. banks with $616 billion in assets, ratings of A (S&P) and AA (low) (Morningstar DBRS), 2,224 branches, and $440.9 billion in deposits, providing exceptional institutional credit. ABSOLUTE NNN GROUND LEASE - The investor acquires the land outright under an absolute NNN ground lease with zero landlord responsibilities, delivering fully passive, management-free ownership with no maintenance or capital obligations.

FOR SALE DETAILS

PRICE

$2,778,000 USD

PRICE/SF

$926 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank | Charlotte, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,231 SF

ZONING

C

APN/PARCEL ID

027-561-29

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.