Fifth Third Bank

Net Lease

844 Savannah Highway, Charleston, South Carolina

Ownership Type:

Fee Simple

Price:

$3,400,000

Cap Rate:

Current Rent:

$170,000

Tenancy:

Single Tenant

Lease Type:

Ground Lease

Landlord Responsibilities:

None

Renewal Options:

Three, 5-year options

Building Sq. Ft.:

1,900 SF

Rent Increases:

10% Every 5 Years

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:A-) asset guaranteed by Fifth Third Bancorp (NASDAQ: “FITB)

Access Offering Memorandum

Ownership Type:

Fee Simple

Price:

$3,400,000

Cap Rate:

Current Rent:

$170,000

Lease Type:

Ground Lease

Landlord Responsibilities:

None

Renewal Options:

Three, 5-year options

Building Sq. Ft.:

1,900 SF

Rent Increases:

10% Every 5 Years

Listing Agents

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jonah Helbraun, Corridor Realty Group, South Carolina Lic: 137125

Download Offering Memorandum

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