Fifth Third Bank

NWC of Carpenter Fire Station Road and Green Level Church Road, Cary, NC
Deal Type:
Net Lease
Ownership Type:
Ground Lease
Price:
$2,625,000
Cap Rate:
4.00%
Current Rent:
$105,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 19.5 years
Renewal Options:
4 x 5 year
Building Sq. Ft.:
2,800 SF
Rent Increases:
10% every 5 years
Site Size:
0.858 acres
  • fifth third bank stream capital partners
  • fifth third bank stream capital partners

Investment Highlights

  • Long Term Absolute NNN Ground Lease
  • Increases throughout the Base Term offering a Strong Hedge Against Inflation
  • Fantastic Submarket of Raleigh with Strong Demographics
  • Outparcel to New Publix Anchored Center
  • In close proximity to Research Triangle and Apple’s new $1 billion dollar campus

Listing Agents

Connor Shell

Managing Director
407 903 9009
Connor@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed North Carolina Broker #C32060, (949) 585-6585

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