STREAM Capital Partners > Properties > All Properties > Fifth Third Bank

Fifth Third Bank

Net Lease

844 Savannah Highway, Charleston, South Carolina
Ownership Type:
Fee Simple
Price:
$3,400,000
Cap Rate:
5%
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)
Ownership Type:
Fee Simple
Price:
$3,400,000
Cap Rate:
5%
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

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