Bank Branch on Absolute NNN Ground
For Sale
Contact for pricing
5355 Ridge Rd, Charlotte, NC 28269
A 20-year absolute NNN ground lease places design, construction, permitting, and associated costs with PNC.
Property SizeContact for details
Days on Market10
Property Features for 5355 Ridge Rd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
15,770 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:43PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
The Charlotte bank site is subject to a 20-year absolute NNN ground lease, with PNC Bank, N.A. providing the lease guarantee. PNC is handling branch design, construction, permitting, and related costs; rent payments have begun while final permits are being secured. The lease provides 12% increases every five years during both the initial term and option periods, and the landlord has no responsibilities under the stated structure.
The property is at 5355 Ridge Road, where traffic is reported at 15,770 vehicles per day. It is adjacent to the Publix-anchored Prosperity Village center, with Harris Teeter, Chick-fil-A, and newly built apartment communities among the nearby retail and residential development. The surrounding population totals 178,236 within five miles, and average household income is $151,698 within three miles.
The property is at 5355 Ridge Road, where traffic is reported at 15,770 vehicles per day. It is adjacent to the Publix-anchored Prosperity Village center, with Harris Teeter, Chick-fil-A, and newly built apartment communities among the nearby retail and residential development. The surrounding population totals 178,236 within five miles, and average household income is $151,698 within three miles.
Key Highlights
- 20‑year absolute NNN ground lease with PNC Bank, N.A. guarantee
- 12% rent increases every five years during the initial term and option periods
- PNC is responsible for design, construction, permitting, and associated costs
Property Analytics
Current Use
Lease Details
15,770 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
292k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 32%
Shops & Services 31%
Beauty & Spa 1%
Publix
Groceries
42,868 visits/mo
0.2 miles
Chick-fil-A
Dining
35,891 visits/mo
0.3 miles
Harris Teeter
Groceries
34,660 visits/mo
0.3 miles
BP
Shops & Services
27,761 visits/mo
0.3 miles
Aldi
Groceries
25,461 visits/mo
0.2 miles
Demographics for 28269, NC
82,422
Population
33,124
Households
2.5
Avg Household Size
35
Median Age
46%
College-Educated
92%
High-School Grad
30.6 sq mi
ZIP Area
2,694
Density / Sq Mi
$81,063
Median Household Income
$48,045
Median Earnings
$1,607
Median Rent
$300,300
Median Home Value
Market
Vacancy Rate% for Retail in Charlotte, NC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - A 20-year absolute NNN ground lease places design, construction, permitting, and associated costs with PNC.
Where is this bank located?
The property is located at 5355 Ridge Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $2,778,000.
What are key features of this property?
This property features: 20‑year absolute NNN ground lease with PNC Bank, N.A. guarantee; 12% rent increases every five years during the initial term and option periods; PNC is responsible for design, construction, permitting, and associated costs
