Miami, FL - PNC Bank

Description:

• The tenant just recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging inflation
• PNC Financial Services Group (PNC) entered 2026 as one of the strongest performers in the U.S. banking sector and with its FirstBank acquisition on January 5, 2026, the bank has significantly expanded its footprint, particularly in growth markets like Texas, California, and Florida

• The subject property is located near the signalized, hard corner intersection of SW 152nd St and SW 157th Ave which combined average 89,000 VPD
• The site is part of Corsica Square, a 60,000+ SF shopping center that is anchored by a Publix (93rd Percentile Nationwide per Placer.AI)
• The PNC is located in a dense retail corridor, with numerous nearby national/credit tenants including McDonald’s, Walgreens, CVS, Advance Auto Parts, Taco Bell, Wendy’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Miami Executive Airport is located roughly 5 miles from the subject property
• The asset has excellent visibility and multiple points of ingress/egress

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002MSxNYAW