Net Leased Pinnacle Bank in Nashville MSA Sold Date March 17, 2025
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Pinnacle Bank property located at 1717 Mallory Lane in Brentwood, TN for $6,500,000.
Pinnacle Bank 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.
The surrounding area is well populated and highly affluent, with a population of 102,374 within a 5-mile radius and an average household income of $184,699 within 5 miles.
Pinnacle Bank is an American bank that was founded in 2000 and is headquartered in Nashville, TN. As of 2025, Pinnacle Bank operates over 160 locations throughout the southeastern United States. The company is publicly traded (Nasdaq: PNFP) and is a component of the S&P 400. Pinnacle Bank is an investment-grade company (Moody’s: Baa2).
“Bank assets with lengthy lease terms in income tax-free states continue to garner significant investor interest”, said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “This property benefits from robust demographics and its location 15 miles from downtown Nashville.”
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