Pinnacle Bank | Chapel Hill, NC

For Sale

1203 Martin Luther King Jr. Blvd., Chapel Hill, NC 27514

This Chapel Hill property for sale is located at 1203 Martin Luther King Jr. Blvd.. The current listed sale price for Pinnacle Bank | Chapel Hill, NC is $2,390,000. Pinnacle Bank | Chapel Hill, NC is situated on a lot that is 0.62 acre in size.

Contacts

broker
Chris Burnham

Maverick Partners Realty Services

Property Details

  • Property Type Retail - Freestanding
  • Property Size 5,800 SF
  • Lot Size 0.62 Acre
  • Property Tenancy Single Tenant
  • Year Built 1981
  • Year Renovated 2007
  • Date Updated May 20, 2025
Centrally located in the heart rapidly-growing Chapel Hill, five minutes from UNC and Franklin St. and a quick drive to Duke and Downtown Durham. Convenient to I-40, with easy access to Research Triangle Park, Raleigh-Durham Airport and Downtown Raleigh.Unique opportunity to acquire a 100% leased freestanding single-tenant property with an investment grade tenant in one of the Triangle's hottest sub-markets. Built in 1981 and gut renovated in 2007, this property has housed Pinnacle Financial Partners' Chapel Hill operations since 2018, and its predecessor bank's since 2007. Pinnacle has 6.6 years remaining on the lease, with 3% annual rent escalations and the opportunity for a five year extension. It has also recently upgraded the property with an additional $265,000 investment, signifying its commitment to the location for many years to come and adding to the $700,000+ in upgrades made by the previous bank tenant which Pinnacle acquired. Nestled in the booming, high-income community and college town of Chapel Hill, with easy access via I-40 to all areas of the Triangle, Pinnacle is poised to thrive in in this location, providing a high-quality, stable investment opportunity in a premium market.
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Highlights

  • Credit rated tenant in premium Chapel Hill market at 5.64% cap rate
  • Five minutes from UNC and Chapel Hill, and a quick drive to Duke and Downtown Durham
  • Convenient to I-40, providing quick access to RTP, RDU and Downtown Raleigh
  • High traffic location with access to rapidly growing customer base
  • Over $1M in property improvements added by bank tenants

Getting around

  • 39/100

    Walk Score ®

  • 35/100

    Transit Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chapel Hill, NC
  • Neighborhood North Forest Hills
  • Zip Code 27514
  • Market Raleigh Durham

Points of Interest

  • Red Ride Shuttle

    2.55 miles

  • Durham

    9.25 miles

  • BP

    0.04 miles

  • Speedway

    0.13 miles

  • Exxon

    1.45 miles

  • Mobil

    1.45 miles

  • Cedar Village Family Fare

    1.78 miles

  • Chargepoint

    1.85 miles

  • Marathon

    2.58 miles

  • EVgo

    5.90 miles

  • Overflow Parking

    1.68 miles

  • Wallace Plaza

    2.18 miles

  • Downtown Public Parking

    2.30 miles

  • Granville Towers Parking

    2.45 miles

  • Cobb Parking Deck

    2.47 miles

  • Sal's Pizza

    0.25 miles

  • China Wok

    1.16 miles

  • Magone Italian Grill

    1.16 miles

  • OiShii

    1.18 miles

  • Domino's

    1.18 miles

  • Queen of Pho

    1.18 miles

  • Pita Grill

    1.20 miles

  • Sage Café

    1.22 miles

  • Subway

    1.23 miles

  • Rasa Indian Chinese Restaurant

    1.47 miles

  • Food Lion

    1.15 miles

  • Harris Teeter

    1.54 miles

  • Family Fare

    1.77 miles

  • Whole Foods Market

    1.89 miles

  • ALDI

    1.98 miles

  • Trader Joe's

    2.03 miles

  • Mariakakis Fine Food & Wine

    2.09 miles

  • Tar Heels Termite Removal

    2.20 miles

  • University Place

    2.20 miles

  • Target

    2.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chris Burnham

Maverick Partners Realty Services

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