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Virtual Drive-By

PNC Bank NN

7401 Market Street · Boardman, OH 44512 · Banking / Financial

Asking price
$1,663,000
Cap rate
7.00%
NOI
$116,380

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Lease

Lease typeNN
Term remaining5.3 yrs
Expiration10/2031
Rent bumps10% Every Five (5) Years
OptionsTwo (2), Five (5) Year Options
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

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Property

Building SF3,504
Price / SF$33
Year built1969
Lot size0.72 ac
TypeBank
Days on market20

Need year-one bonus depreciation

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Investment highlights

  • ​STRONG DEPOSITS OF OVER $187M – PNC Bank boasts more than $187 million in deposits as of 2025, ranking 3rd out of 10 competing banks within their zip code (44512) and capturing a solid 12.29% market share. This deep, established deposit base underscores the branch's long-term performance, customer loyalty, and overall investment security.
  • ​INVESTMENT GRADE CREDIT (S&P: A) – PNC is the 8th largest bank in the United States, with $569 billion in assets as of September 30, 2025 and an investment grade credit rating of A (S&P). It operates a network of approximately 2,200 branches and 60,000 PNC and partner ATMs. In September 2025, PNC announced its acquisition of Colorado-based FirstBank, with the merger expected to close in early 2026.
  • ​PRIME LOCATION FEATURING RARE FOUR (4) LANE DRIVE-THRU – Ideally positioned just 5 miles south of Youngstown along Market Street, PNC Bank enjoys excellent exposure to 20,300 vehicles per day (VPD), driving consistent customer traffic. A rare four-lane drive-thru enhances operational efficiency and customer convenience, reinforcing the long-term strength and competitiveness of this branch location.
  • ​STRONG PLACER.AI TRAFFIC AMONG SURROUNDING NATIONAL RETAILERS – The surrounding retail corridor boasts exceptional consumer draw, with several national brands ranking among the top performers in Ohio. Sam's Club attracts 2.1 million annual visits and is the #1 Sam's Club in the state, while Target generates 1.8 million yearly visits, placing it in the 95th percentile statewide. The Home Depot also performs well, ranking in the 77th percentile of its chain across Ohio.
  • ​STRATEGIC ACCESS TO INTERSTATE 680 – Ideally positioned less than two miles from Exits 11/11A, the property offers immediate connectivity to Interstate 680, a key regional corridor traveled by 38,400 vehicles per day (VPD).
  • ​DENSELY POPULATED AREA – Over 105,000 residents and 47,000 households reside within a 5-mile radius, providing a robust and stable customer base that reinforces long-term branch performance and investment strength.
  • ​BUSTLING RETAIL CORRIDOR – The property sits within a booming retail corridor surrounded by a host of national retailers such as: Walmart Supercenter, Target, The Home Depot, Lowe's Home Improvement, Sam's Club, ALDI, Grocery Outlet, CVS Pharmacy, Best Buy, Kohl's, Dick's Sporting Goods, Burlington, Five Below, Harbor Freight Tools, Hobby Lobby, T.J. Maxx, HomeGoods, PetSmart, Ross Dress for Less, Marshalls, Outback Steakhouse, Olive Garden, LongHorn Steakhouse, Chili's Grill & Bar, Buffalo Wild Wings, Panera Bread, Chipotle, McDonald's, Chick-Fil-A, Dunkin', Starbucks, Taco Bell, and so much more demonstrating the strength of the retail corridor.

Property overview

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to PNC Bank, the "Property") in Boardman, Ohio ideally positioned just 5 miles south of Youngstown.​ PNC Bank operates on a double-net (NN) lease with approximately 5.5 years remaining, anchored in a prime Boardman location along Market Street with strong visibility to 20,300 vehicles per day (VPD).​ The branch features a rare four-lane drive-thru that enhances customer convenience and operational efficiency, further reinforcing its long-term viability.​

PNC Bank boasts more than $187 million in deposits as of 2025, ranking 3rd out of 10 competing banks within their zip code (44512) and capturing a solid 12.29% market share.​ This deep, established deposit base underscores the branch's long-term performance, customer loyalty, and overall investment security.​ Positioned less than two miles from Exits 11/11A, the site offers immediate access to Interstate 680, a major regional artery carrying 38,400 VPD.​ The property benefits from a dense and stable customer base, with more than 105,000 residents and 47,000 households within a five-mile radius.​

Surrounding national retailers deliver exceptional consumer draw, including a top-performing Sam's Club with 2.1 million annual visits, the #1 location in the state, alongside a Target in the 95th percentile and a strong Home Depot ranking in the 77th percentile statewide.​

PNC is the 8th largest bank in the United States, with $569 billion in assets as of September 30, 2025 and an investment grade credit rating of A (S&P).​ It operates a network of approximately 2,200 branches and 60,000 PNC and partner ATMs.​ In September 2025, PNC announced its acquisition of Colorado-based FirstBank, with the merger expected to close in early 2026.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.