Lee & Associates and NNN Investment Group are pleased to present the opportunity to acquire the fee simple interest in a newly renovated PNC Bank located at 8541 Concord Mills Boulevard in Concord, North Carolina, within the Charlotte MSA. The property consists of a 2,796-square-foot standalone bank building situated on 1.21 acres as an outparcel to Concord Mills Mall, the #1 super-regional mall in North Carolina. PNC Bank, National Association has executed a new 15-year absolute NNN lease commencing in 2026, providing investors with a long-term, passive income stream backed by one of the nation’s largest financial institutions.

The lease is guaranteed by PNC Bank, National Association, an investment-grade tenant with an S&P credit rating of “A” and parent company PNC Financial Services Group (NYSE: PNC). The absolute NNN structure eliminates landlord responsibilities, with the tenant responsible for all taxes, insurance, maintenance, repairs, roof, structure, utilities, and operating expenses. The lease features 10% rental increases every five years throughout the initial term and five additional five-year renewal options, providing attractive income growth and long-term stability.

Strategically positioned along Concord Mills Boulevard, which carries approximately 29,000 vehicles per day, the property benefits from exceptional visibility and access within one of the Southeast’s premier retail and entertainment destinations. Concord Mills Mall attracts more than 11.7 million annual visitors and is surrounded by a dominant roster of national retailers, restaurants, hotels, and entertainment venues, including Charlotte Motor Speedway. The surrounding trade area is supported by more than 164,000 residents and 45,000 employees within a five-mile radius, with average household incomes exceeding $125,000, reinforcing the location’s long-term viability within the rapidly growing Charlotte metropolitan area.