PNC Bank

St. Louis MO

  • 6% Income Stream

  • 8th Largest bank in the US

  • Trophy Intersection

  • Oversized 1.9 acre lot

  • 2,500+ branches nationwide

Actual photos

PNC Financial Services Group, Inc. known as PNC is a Pittsburgh based financial services corporation. PNC is one of the largest diversified financial services institutions in the United States with assets of $372 billion as of June 30, 2017. Operating primarily in 19 states and the District of Columbia, PNC is organized around its customers and communities for strong relationships and local delivery of retail and business banking, including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. Retail Banking provides deposit, lending, brokerage, investment management and cash management products and services. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. BlackRock, in which the Company holds an equity investment, is a publicly traded investment management firm providing investment and risk management services to institutional and retail clients across the world. With assets as of December 31, 2016, of approximately $366 billion, as well as deposits of approximately $249 billion, PNC is one of the largest banks in the US. PNC is the fifth largest bank by number of branch offices, sixth largest by deposits, ninth largest by total assets, and fourth largest in number of ATMs.

 

INVESTMENT HIGHLIGHTS

 

OVERSIZED, PROMINENT PARCEL AT ENTRANCE TO REGIONAL SHOPPING CENTER

The subject offering is over 1.93 acres of land in an extremely dense infill market, nearly double many of the surrounding parcels. The property is situated at the hard corner of Lucas-Hunt Road and West Florissant Avenue, making it the most prominently exposed parcel to over 60,000 vehicles per day. The intrinsic qualities of the underlying real estate make this a desirable investment.

 

$16+ BILLION REVENUE COMPANY, “A” S&P RATED TENANT

PNC Financial Services Group, Inc. is one of the most recognized financial institutions with more than 2,500 branches and is the 8th largest bank in the United States by assets. As of November 2017, PNC reported revenues of $16.42 billion, a net income of $3.90 billion and a market cap exceeding $65.96 billion. Our tenant, PNC National Association, which operates all PNC’s branches boasts an impressive “A” S&P credit rating.

INFILL GROCERY-ANCHORED SHOPPING CENTER

The subject offering is an outlot in the Plaza on the Boulevard anchored by a high performing Schnucks. This infill location is densely populated with no other regional malls or power centers within ten driving miles. Schnucks is the only grocery store located within a multi-tenant retail shopping center in this area, which makes this site desirable for all types of retailers.

 

DENSELY POPULATED ST. LOUIS SUBURB

Within three miles of the site, there are more than 109,000 residents, and over 262,000 in five miles. This dense population base makes the property well poised to hold long term value for PNC Bank and many other retailers and investors.

 

PROVEN GROCERY LOCATION

Schucks is the number one market share grocer in the St. Louis MSA. The grocer has maintained an extremely good health ratio, at this location, assuring their plans of being a strong anchor to the center for the foreseeable future.

 

PROXIMITY TO DOWNTOWN ST. LOUIS

The subject offering is located less than 8 miles northwest of downtown St. Louis. The St. Louis MSA has a population of approximately 2.8 million people, making it the 20th largest metropolitan area in the United States. The Greater St. Louis area is headquarters to 18 Fortune 1000 companies, nine of which are in the Fortune 500: Emerson Electric, Express Scripts, Monsanto, Ameren, Reinsurance Group of America, Charter Communications, Peabody Energy, Graybar Electric, and Centene Corporation.

 

EXCELLENT TRAFFIC, VISIBILITY & ACCESS

At the busy intersection of West Florissant Avenue and Lucas- Hunt Road, there are a combined 60,000 vehicles per day that pass by the shopping center. Customers have access into the shopping center from nine different entrances including three that are fully signalized. This access helps regulate traffic flow, and creates many opportunities to turn in and visit the subject offering.

LOCATION OVERVIEW​​

Jennings is a dense, infill, middle-class community of over 14,000 residents located just 9 miles northwest of downtown St. Louis in St. Louis County. With 980,632 residents, St. Louis County is the most populous of St. Louis’ metropolitan area counties. Overall the area is thoroughly suburban with many corporate offices and service businesses. The top five employers in St. Louis County are Boeing (16,000 employees), Washington University in St. Louis (12,390 employees), SSM Healthcare (12,102 employees), Schnuck Markets, Inc. (10,500 employees), and St. John’s Mercy Health Care (8,876 employees). The St. Louis MSA has a population of 2.8 million people, making it the 19th largest metropolitan area in the United States. The St. Louis MSA is home to the headquarters of nine Fortune 500 companies including Emerson Electric (located across the street from the subject property), Express Scripts, Ameren, Monsanto, Charter Communications, and Reinsurance Group of America. Other companies with a significant presence include Anheuser-Busch InBev, Enterprise Rent-A-Car, Edward Jones, Scottrade, Energizer Holdings, and Nestle’s Ralston Purina subsidiary.

 

Plaza on the Boulevard is a community shopping center positioned to serve the day-to-day needs of the nearby residential neighborhoods, and benefits from its location within a dense in-fill market of over 113,000 residents within a three-mile radius. The Jennings trade area is defined by the Mississippi River to the east, I-270 to the north (3 miles from the center), I 170 to the west (4.5 miles from the center), and I-70 to the south (1.8 miles from the center). Plaza on the Boulevard has limited competition with only a few other grocers within a three mile radius of the property, which include Walmart Supercenter, Schnucks, Shop ‘n Save, and Aldi. The Schnucks grocery store is the only grocer within this trade area that is located within a multi- tenant retail shopping center, which provides the necessary draw and gives it an advantage over its competitors.

2100 PLEASANT GROVE BLVD, SUITE 200, Pleasant Grove, UT 801-899-1943  CONTACT@MILLCREEKCOMMERCIAL.COM

PRIVACY POLICY

SAFETY | SECURITY | STABILITY

  • White Facebook Icon
  • White Instagram Icon
  • White LinkedIn Icon