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.