PNC Bank
Lowest Cap Rate
4.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.05%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
PNC Bank is a retail bank offering a variety of services. PNC currently has over 2,500 branches and over 9,000 ATM machines across the country. Many of the PNC branches are sold as ground leases to NNN investors. The average lease term is 15-20 years with rent escalations of 10% every 5 years. These rental escalations make PNC a highly sought after investment property.
Property & Lease
Average Sale Price$2,000,000 - $4,000,000
Average NOI$100,000 - $250,000
Building SF3,000
Lease Term15 - 20 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:PNC
Credit Rating
S&PA
Moody'sA2
Cap Rate By Region
7.32
6.75
6.12
N/A
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Milwaukee, WI8.22%
Indianapolis, IN5.75%
Indianapolis, IN5.87%
Top Consumer Traffic
Annandale, VA70,400
Hermitage, PA70,100
Cincinnati, OH70,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data