8857 Charlotte Hwy - Bank FOR SALE


Fort Mill, SC 29707
$3,558,000 USD
980-498-3293
8857 Charlotte Hwy, Fort Mill, SC for Sale
$3,558,000 USD
Bank - FOR SALE
1/5
null | 4.75% Cap Rate

8857 Charlotte Hwy
Fort Mill, SC 29707


OVERVIEW

COSTCO-ANCHORED MIXED-USE DEVELOPMENT - Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned. FAST-GROWING CHARLOTTE SUBMARKET - Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne. AFFLUENT TRADE AREA - Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand. BRAND-NEW 20-YEAR CORPORATE LEASE | 2% ANNUAL RENT ESCALATIONS - PNC Bank has executed a brand-new 20-year ground lease on a newly constructed 2026 branch, with 2% annual rent escalations throughout the term. INVESTMENT-GRADE CREDIT: S&P A-RATED WITH $573 BILLION IN ASSETS - PNC Bank is one of the 10 largest U.S. banks with $573.6 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

$3,558,000 USD

PRICE/SF

$1,186 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freestanding | PNC Bank | Indian Land, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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