Fifth Third Bank

844 Savannah Highway, Charleston, SC
Deal Type:
Net Lease
Price:
$3,777,777
Cap Rate:
4.50%
Current Rent:
$170,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Three, 5-year options
Building Sq. Ft.:
1,900 SF
Rent Increases:
10% Every 5 Years
Site Size:
.54 Acres
  • fifth third bank stream capital partners
  • fifth third bank stream capital partners
  • fifth third bank stream capital partners
  • fifth third bank stream capital partners

Investment Highlights

  • Commitment: Absolute NNN ground lease with 10% rental escalations throughout the lease term and option period
  • Location: Asset situated along Charleston’s primary east-west thoroughfare and retail corridor with convenient access to I-526 and downtown Charleston which attracts 7.4M+ visitors each year
  • Landlord Responsibilities: Allows for a true, passive investment with no management required
  • Excellent Market Share Potential: This location is the second Fifth Third Bank in Charleston providing limited competition
  • Credit: Opportunity to acquire an investment grade (S&P:BBB) asset guaranteed by Fifth Third Bancorp (NASDAQ: “FITB)

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]
owen mcnulty stream capital partners

Owen McNulty

Associate
708 601 3087
[email protected]

In Association with Scott Reid & ParaSell, Inc. | A Licensed South Carolina Broker #23763

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