PNC Bank | New 15-Year Absolute NNN Lease

Absolute NNN Investment Opportunity: PNC Bank | Concord (Charlotte MSA), NC

Elite NNN Investment & Property Overview

Lee & Associates and NNN Investment Group are pleased to present the exclusive opportunity to acquire the fee simple interest in a newly renovated PNC Bank branch located at 8541 Concord Mills Boulevard, Concord, North Carolina. Positioned within the rapidly expanding Charlotte Metropolitan Area (MSA), this high-yield commercial asset features a modern, 2,796-square-foot standalone bank building situated on a substantial 1.21-acre parcel.

The property operates as a high-visibility outparcel to Concord Mills Mall, celebrated as the #1 super-regional shopping mall and the premier retail destination in North Carolina. Backed by a brand-new, long-term commitment, this asset represents a secure vehicle for passive capital placement.

Investment-Grade Corporate Guaranty & Secure Lease Structure

This premium financial retail asset provides a completely hands-off, passive income stream secured by one of the strongest banking institutions in the United States:

• Tenant Strength: Fully leased and guaranteed by PNC Bank, National Association, an investment-grade tenant boasting an S&P credit rating of "A" and parent company PNC Financial Services Group (NYSE: PNC).

• True Absolute NNN Lease: The absolute net lease structure offers zero landlord responsibilities. The tenant is fully responsible for all property taxes, insurance, maintenance, utilities, operating expenses, as well as the roof and structure.

• Long-Term Passive Income: The lease features a brand-new 15-year primary term, offering an exceptional runway of guaranteed rental income along with five (5) additional 5-year renewal options.

• Attractive Inflation Protection: The lease includes 10% rental increases every five years throughout the initial term and option periods, providing investors with reliable yield growth and long-term stability.

Unmatched Retail Synergy at North Carolina's #1 Mall

The subject property is strategically situated along Concord Mills Boulevard, a dominant commercial thoroughfare experiencing massive traffic counts of approximately 29,000 vehicles per day (VPD). As a prominent outparcel to the legendary Concord Mills Mall, the asset benefits from unparalleled regional drawing power:

• Massive Consumer Inflow: Concord Mills Mall attracts over 11.7 million annual visitors, anchoring a dense regional corridor of national retailers, premier restaurants, hotels, and entertainment venues.

• Regional Destination Drivers: The asset sits just minutes from major high-density attractions, including the famous Charlotte Motor Speedway, which injects significant seasonal tourism and daytime traffic into the immediate market.

Robust Charlotte MSA Demographics & Economic Growth

Concord and the broader Charlotte metropolitan area represent one of the fastest-growing regions in the Southeast. The surrounding trade area features excellent economic and demographic fundamentals:

• High Household Wealth: The average household income exceeds $125,000 within the immediate market, indicating a high level of disposable income and strong consumer spending power.

• Dense Population & Employment: The property leverages an expansive consumer base of more than 164,000 residents and a daytime workforce of over 45,000 employees within a five-mile radius.

• Long-Term Location Viability: The dense concentration of major employment hubs, booming residential developments, and institutional retail infrastructure guarantees the enduring value of this prime real estate location.

Key Highlights for Commercial Real Estate Buyers:

• Investment-Grade Credit: Secured by an "A" rated tenant (PNC Bank, National Association).

• Zero Landlord Responsibility: Brand-new 15-year absolute NNN lease with attractive 10% escalations every 5 years.

• Trophy Retail Location: Trophy outparcel to Concord Mills Mall, generating over 11.7M visitors annually.

• Strong Submarket Fundamentals: Positioned in the high-income, fast-growing Charlotte MSA with a population exceeding 164,000.