PNC Bank Ground Lease

PNC Bank recently signed a 20-year corporate ground lease for a brand new 2026 construction drive thru bank branch in the primary retail corridor of Wylie, Texas, the tenant is anticipated to open for business October 2026. Positioned just north of the Highway 78 and FM 544 intersection, the Property is approximately 35 minutes northeast of Downtown Dallas. PNC Bank Ground Lease sits on +/- 0.65 acres with excellent positioning on Highway 78 alongside notable national tenants such as Starbucks, Chick Fil A, Whataburger, Chipotle, and McDonalds. The Property consists of brand new a 3,000 SF partial masonry construction bank, complete with a 3-lane drive thru. The ground lease features 10% rental escalations every 5 years with four 5-year renewal options. 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 frontage to Highway 78, full access entry and exit, and a two sided highly visible pylon sign. Notable national retailers in the immediate area include Starbucks, Chick Fil A, Whataburger, Chipotle, McDonalds, O'Reilly Auto Parts, CVS Pharmacy and Walgreens amongst others.