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

Fifth Third Bank

Net Lease

9030 Memorial Parkway SW, Huntsville, Alabama
Ownership Type:
Owner/User
Price:
$2,371,134
Cap Rate:
4.85%
Current Rent:
$115,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 Year Options
Building Sq. Ft.:
2,400 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.93 Acres

Investment Highlights

  • Long Term NNN Lease: Brand new 15-year absolute NNN ground lease with zero landlord responsibilities
  • Corporate Guarantee: Fifth Third operates 1,100 branches across 12 states, and holds an investment grade (A-) credit rating from S&P.
  • Prime Huntsville Location: The asset is located in Huntsville, AL, which ranked #4 on U.S. News & World Report’s 2024 list of Best Places to Live in the United States.
  • Strong Surrounding Retail: Nearby national retailers include Publix, Dunkin, Sam’s Club, Lowe’s, Home Depot, Jersey Mike’s
  • Strategic Positioning: Site is situated along Memorial Parkway with over 50,000 VPD
  • Affluent Local Demographics: Trade area benefits from an affluent $105,000 average household income within 5 miles of the site
Ownership Type:
Owner/User
Price:
$2,371,134
Cap Rate:
4.85%
Current Rent:
$115,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 Year Options
Building Sq. Ft.:
2,400 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.93 Acres

Listing Agents

Adam English

Managing Director
256.694.9803[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

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