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

Fifth Third Bank

Net Lease

5343 Murfreesboro Rd., La Vergne, Tennessee
Ownership Type:
Ground Lease
Price:
$2,526,315
Cap Rate:
4.75%
Current Rent:
$120,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 year options
Building Sq. Ft.:
2,400 SF
Rent Increases:
10% every 5 years
Site Size:
.77 Acres

Investment Highlights

  • Abs. NNN Ground Lease: New 20 year lease with no landlord responsibilities providing completely passive ownership.
  • Investment Grade Credit Tenant: Fifth Third is a leading financial institution with an investment grade credit rating of A- (S&P).
  • Signalized Access: The shopping center benefits from a new traffic signal along Murfreesboro Rd. (25,250 VPD) at the entrance, providing easy access for customers.
  • Aldi Anchored Shopping: The property is part of a newly developed Aldi anchored shopping center featuring Chipotle, Panda Express, a convenience store, and three future pads.
  • Large Daytime Population: La Vergne is home to Nissan’s assembly plant and has a total of 8.4mm SF of industrial with approximately 22,000 employees within 2 miles.
  • Growing Nashville MSA Market: Strong local population with over 50,000 people earning an average household income of $80,400 with 2.4% YoY population growth.
Ownership Type:
Ground Lease
Price:
$2,526,315
Cap Rate:
4.75%
Current Rent:
$120,000
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5 year options
Building Sq. Ft.:
2,400 SF
Rent Increases:
10% every 5 years
Site Size:
.77 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

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