PNC Bank

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 six 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 Ohio, 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.

*Pricing off of the 11/1/2026 Rental Increase. Seller will credit buyer the difference from the date of closing to 11/1/2026.