PNC Bank Ground Lease

PNC recently signed a 20-year corporate ground lease for a brand new 2025 construction drive thru bank branch in front of the exciting and relevant RedBird Redevelopment in Dallas, Texas. The tenant is anticipated to open for business October 2025. The Property is located 12 minutes from downtown Dallas, 20 minutes from DFW Airport and 30 minutes from downtown Fort Worth.  PNC Bank Ground Lease sits on +/- 0.57 acres with excellent positioning on Camp Wisdom Road alongside notable national tenants such as Starbucks, Chick Fil A, Frost Bank, AT&T, Wing Stop and Foot Locker. The Property consists of brand new a 2,300 SF partial masonry construction bank with a drive thru ATM. The ground lease features 10% rental escalations every 5-years with four 5-year renewal options and zero landlord responsibilities. PNC Bank is a publicly traded company (NYSE: PNC) with a corporate credit rating of “A” by S&P and “A2” by Moody’s, both considered investment grade. PNC Bank Ground Lease benefits from excellent visibility on a Camp Wisdom Road entrance to The Shops RedBird Redevelopment and a two sided highly visible pylon sign. Notable national retailers in the immediate area include Sam’s Club, Target, The Home Depot, Lowes, Burlington Coat Factory, Starbucks, Chick Fil A, Dollar Tree, Family Dollar and T-Mobile amongst others.