The Boulder Group completed the sale of a single-tenant net-leased Pinnacle Bank property at 1717 Mallory Lane in Brentwood, Tennessee, for $6.5 million.
Pinnacle Bank is operating under a 15-year NNN lease with over 12 years remaining. The lease features annual rent increases. Pinnacle Bank has strong annual deposits exceeding $323,000,000 at the subject location.
The property is strategically positioned along Mallory Lane (19,460 VPD) and is less than ½ mile west of Interstate 65 (150,085 VPD). The property benefits from its location 15 miles from downtown Nashville, the 35th most populous MSA in the United States.
Pinnacle Bank is situated in an outparcel of Costco in a very dense retail corridor. Prominent retailers nearby include Target, Home Depot, Best Buy, Floor & Décor, Academy Sports & Outdoors, Publix, The Cheesecake Factory, Olive Garden, Outback, Chick-fil-A, McDonald’s, Taco Bell, Cracker Barrel, Red Lobster, Chili’s, and Raising Cane’s.
