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ERG Property Advisors Markets Freestanding PNC Bank in Alpharetta, Georgia

NEW YORK — December 12, 2013 — ERG Property Advisors is pleased to announce the availability of an Absolute Triple Net Leased PNC Bank (NYSE: PNC) in Alpharetta, Georgia. 

PNC Bank has a 15-year absolute-net lease with more than 8 years remaining on the original term for a 4,128 Square Foot building on a 1.3 Acre lot. 

PNC is the fifth largest bank in the United States by total branches, the sixth largest bank by deposits, the sixth largest bank by total assets, and the third largest bank off-premise ATM provider. PNC currently holds a S&P rating of A/Stable. 

Alpharetta is home to more than 3,600 businesses which employ in excess of 120,000 people; almost 70,000 jobs were created in the past five years alone. With easy access to one of the world’s busiest airports, Atlanta Hartsfield Jackson International, and cutting-edge research universities, Alpharetta is the ideal location for companies at the forefront of the modern economy. The city was named one of America’s 25 Best Places to Move in 2009 by Forbes magazine. 

The asking price for this property is $3,700,000.

For more information about this property, please contact Andrew Greenberg at (646) 253-0950 or email agreenberg@ergpa.com. Or contact Evan Street at (646) 253-0965 or email estreet@ergpa.com

 

About ERG Property Advisors

ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG’s Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit www.ergpa.com for recent deals and press coverage. 

 

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