triple net leased PNC bank for sale in Atlanta MSA

1. NET LEASED INVESTMENT OFFERING
PNC Bank
210 Jonesboro Road
McDonough, Georgia 30253 (Atlanta MSA)
CONFIDENTIAL OFFERING MEMORANDUM
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
TABLE OF CONTENTS
1
Confidentiality & Disclaimer
2
Executive Summary
3
Property Overview
4
Aerial
5
Site Plan
6
Maps
7
Tenant Profile
9
Demographic Comparison Report
10
Location Overview
11
Contact Information
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3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of
any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in
this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not
verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation
regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
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4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant PNC Bank property located approximately thirty miles southwest of downtown Atlanta.
The 4,128 square foot building was constructed in 2003 in McDonough, Georgia.
The subject property is located on the northwest corner of the signalized intersection of Jonesboro Road and McDonough Parkway. Jonesboro Road is the primary
east-west thoroughfare and has a full access interchange with Interstate 75 less than 2.5 miles away. Interstate 75 experiences traffic volumes in excess of
120,000 vehicles per day. The immediate area is surrounded by many national retailers such as Kroger, Walgreens, Chase Bank and Chick-fil-a.
In March 2012, PNC Bank purchased RBC Bank for $3.6 billion as a point of entry into the Southeast. PNC Bank targeted the Atlanta market as the place to
establish their dominance in the region. PNC Bank assumed the obligations of the original lease that was signed by RBC Bank. The lease expires March 2019 and
there are three 5-year options. PNC Bank has over 2,800 locations in 17 states and is publicly traded on the New York Stock Exchange (PNC). PNC is an investment
grade rated company with a Standard & Poor’s rating of A-.
INVESTMENT HIGHLIGHTS
Located within the Atlanta MSA
Investment grade tenant (S&P: A-)
Located on the hard corner of a signalized intersection
Minimal landlord responsibilities
Positioned along the primary east-west thoroughfare in the area
Located less than 2.5 miles from Interstate 75 (120,000 VPD)
Across the street from a Kroger anchored shopping center
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price:
$2,343,877
Cap Rate:
8.15%
Net Operating Income:
$191,026
Renewal Options:
Three 5-Year at FMV
Lease Commencement Date:
November 23, 2003
Lease Expiration Date:
March 31, 2019
Tenant:
PNC Bank
Credit Rating:
A- (S&P)
Year Built
2003
Lease Type:
NN*
Building Size:
4,128 SF
Land Size:
47,480 SF
*Landlord is only responsible for capital improvements to structure, parking, and the roof

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
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7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
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www.bouldergroup.com
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8. MAPS
NET LEASED INVESTMENT OFFERING
MAPS
SITE
SITE
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9. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
PNC Financial Services is a diversified financial services company in the United States. PNC is engaged in retail banking,
corporate and institutional banking, asset management, and residential mortgage banking. PNC provides deposit,
lending, cash management, and investment services to more than 6 million consumer and small business customers
across 19 states and the District of Columbia. PNC is the fifth largest bank in the United States (total branches) with more
than 2,700 branches and 7,400 ATM machines. PNC is publicly traded on the New York Stock Exchange as PNC and has a
market capitalization in excess of $39 billion.
Website:
Credit:
Stock Symbol:
Number of Locations:
Market Capitalization:
www.pnc.com
A- (S&P)
PNC (NYSE)
2,700+
$39 billion
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10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population
3-mile
5-mile
7-mile
Total Population
37,574
69,521
114,368
Total Households
13,431
24,284
40,181
Median Household Income
$50,872
$59,534
$60,665
Average Household Income
$63,858
$74,524
$75,814
Income
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11. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
McDonough is the county seat of Henry County, Georgia. According to the 2010 census, McDonough had a population of
22,084 but with the inclusion of the unincorporated surrounding neighborhoods, the population is in excess of 30,000. The
population of Henry County grew 70.9% from the 2000 census to the 2010 census, making it the 8th most populous county
in Georgia and the 10th fastest growing county in the country.
Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the
ninth largest metropolitan area in the U.S. Today, the it is a major business city and the primary transportation hub of the
Southeastern United States (via highway, railroad, and air), with Hartsfield–Jackson Atlanta International Airport being the
world's busiest airport by passenger traffic and number of landings and take-offs since 2005, serving 89 million passengers
per year. The World Cities Study Group at Loughborough University rated Atlanta as a “Global City.” With a gross domestic
product of US$270 billion, Atlanta's economy ranks 15th among world cities and sixth in the nation. Atlanta contains the
country's fourth largest concentration of Fortune 500 companies, and more than 75 percent of Fortune 1000 companies
have business operations in the metropolitan area. Metro Atlanta is the world headquarters of corporations such as The
Coca-Cola Company, Turner Broadcasting, The Home Depot, AT&T Mobility, UPS, and Delta Air Lines.
www.atlantaga.gov
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12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
CONTACT INFORMATION
666 Dundee Road | Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
www.bouldergroup.com