Bank Building with Absolute NNN
211 Broad St Kernersville, NC 27284
For Sale
Contact for pricing
Fee simple bank property with a 15-year absolute NNN lease and zero landlord responsibilities, including remaining primary term and options.
Property Size6,600 SF
Price / SF$493.79
Days on Market347
Property Features for 211 Broad St
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- RETAIL
Listing Agency:
JLL | Miami
(305) 913-5545
Listed By:
Alex Sharrin · License #IL 475.170243
(305) 913-5545
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Miami
Investment Insights
Based on property information with market context.
JLL is pleased to offer the fee simple interest in a bank property leased to Pinnacle Financial Partners on an absolute NNN basis. The lease is structured as a 15-year term, with approximately 12.3 years of primary lease term remaining. Rent includes 1.9% annual escalations, and the tenant has two, five-year renewal options. The lease also specifies zero landlord responsibilities, providing a hands-off operating structure for the owner.
The property is located at the hard corner of Broad Street and Harmon Lane in Kernersville, North Carolina, just north of the Interstate 40 exit. Direct accessibility is supported by reported traffic of 52,500 vehicles per day, with convenient access to the broader Piedmont region.
This is an institutional-style acquisition offering a credit-tenant, absolute NNN lease configuration in a dedicated retail banking building.
The property is located at the hard corner of Broad Street and Harmon Lane in Kernersville, North Carolina, just north of the Interstate 40 exit. Direct accessibility is supported by reported traffic of 52,500 vehicles per day, with convenient access to the broader Piedmont region.
This is an institutional-style acquisition offering a credit-tenant, absolute NNN lease configuration in a dedicated retail banking building.
Key Highlights
- Fee simple interest in bank property at 211 Broad Street in Kernersville, NC
- 15‑year absolute NNN lease structure with 12.3 years of primary term remaining
- 1.9% annual rent escalations and two 5‑year renewal options
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.7k | $24.96 |
| − Vacancy | −$5.6k | −$0.85 |
| EGI | $159.1k | $24.11 |
| − OpEx | −$39.8k | −$6.03 |
| NOI | $119.4k | $18.08 |
6,600 SF · lease $24.96/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,351 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$1.03M
$903.6K – $1.20M
NOI $72,284 @ 7.0% cap · market cap 2.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pinnacle Financial Partners
Bank
FAQs
What type of property is this?
Bank - Fee simple bank property with a 15-year absolute NNN lease and zero landlord responsibilities, including remaining primary term and options.
Where is this bank located?
The property is located at 211 Broad St Kernersville, NC.
What is the asking price?
The asking price for this property is $3,259,000.
What are key features of this property?
This property features: Fee simple interest in bank property at 211 Broad Street in Kernersville, NC; 15‑year absolute NNN lease structure with 12.3 years of primary term remaining; 1.9% annual rent escalations and two 5‑year renewal options
