PNC Bank | Shadow Anchored by Albertsons
4402 Little Road Arlington, TX 76016
Price: $3,842,000
Status: Under Contract
Cap Rate: 4.75%
Year Built: 1993/Ren. 2025
NOI: $182,500
Lot Size: 0.40 sqft
Price Per Foot: $1,458
Lease Type: Absolute Triple-Net Ground (NNN)
Remaining Term: 20 Years
GLA: 2,635 sqft
Property Intro
This 2,635-square-foot bank branch sits on a 0.40-acre parcel and is backed by a 20-year corporate ground lease with zero landlord responsibilities. The lease, commencing in September 2025, includes 10% rental escalations every five years and four additional five-year renewal options, providing a long-term, inflation-hedged income stream. PNC Bank, a publicly traded company (NYSE: PNC), carries investment-grade credit ratings of “A” from S&P and “A2” from Moody’s, reinforcing the strength of the tenancy.
Strategically positioned just off Interstate 20, the site benefits from exceptional visibility and access, with daily traffic counts exceeding 36,500 vehicles along Little Road. The property is shadow anchored by a high-performing Albertsons grocery store within Southwest Plaza, a 158,292-square-foot shopping center also featuring Office Depot, Dollar Tree, Sally Beauty, and Ace Hardware. The surrounding area hosts more than 1.4 million square feet of retail within a one-mile radius, including national tenants such as Walmart Supercenter, Kroger, LA Fitness, Aldi, Chick-fil-A, Whataburger, and Chipotle. Additionally, The Parks Mall at Arlington, a 1.5 million square foot super-regional mall attracting over 8 million annual visitors, is located just five minutes east of the site.