| Price $2,400,000 | Built/Renov 2024 | Tenant Fifth Third Bank (GL) |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
2,700
| Lease Start
05-01-2024
| #Units
1,087
|
| Price/SF $888.89 | Expiration
04-30-2044
| Tenant Type Bank/Financial |
| NOI $120,000 | R. Term 19.11 | Ownership Ground Lease |
| Rent/SF
$44.44
| Increases 10.0%/20/yrs | Pop 5Mi 53,276 |
| Lot/AC 1.03 | Options 4/5yrs/10% | AHHI 5Mi $99,832 |
| | |
Fifth Third Bank is strategically located at the signalized, hard corner intersection of Wendell Falls Pkwy and Taylor Rd, with access to 11,500 vehicles passing by daily. The property's advantageous location extends to nearby direct on/off ramp access to I-87, a significant thoroughfare with access to a substantial daily traffic count of 62,000 VPD. Adjacent to the property are well-known...
...New construction
Signalized intersection
Near major nationals
Top 100 MSA
Affluent suburb location
Brand new lease
Long 20+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
Fifth Third Bank, a subsidiary of Fifth Third Bancorp, is a diversified financial services company. As of December 31, 2022, Fifth Third had $207 billion in assets and operates 1,087 full-service...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,591 | 22,028 | 58,417 |
| 2023 Total Population : | 5,291 | 19,662 | 53,653 |
| 2023 Employed Civilian Pop : | 2,951 | 11,076 | 29,864 |
| 2023 Total Businesses : | 33 | 248 | 1,299 |
| 2023 Average Household Income : | $ 116,289 | $ 105,289 | $ 99,549 |
| 2023 Total Consumer Spending : | $ 204 M | $ 660 M | $ 1689 M |
| 2023 Median Age : | 37 | 37 | 37 |
| 2023 Total Households : | 2,041 | 7,258 | 19,610 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,062 | 3,321 | 8,093 |
| 2023 Average Home Value : | $ 438,610 | $ 366,243 | $ 344,531 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| US Hwy 64 | 2021 | 5,641 | 0.62 mi | |
| Wendell Falls Pkwy | 2021 | 810 | 0.82 mi | |
| US Hwy 64 | 2021 | 6,123 | 0.83 mi | |
| Knightdale Eagle Rock Road | Hwy 64 | 2021 | 1,527 | 0.92 mi |
| US Hwy 64 | 2021 | 759 | 0.93 mi | |
| US Hwy 64 | 2021 | 5,980 | 0.96 mi | |
| US Hwy 64 | Knightdale Eagle Rock Rd | 2013 | 55,000 | 1.07 mi |
| Poole Road | Jordan Cabin Rd | 2021 | 1,855 | 1.09 mi |
| US 64-264 | Knightdale Eagle Rock Rd | 2020 | 60,000 | 1.14 mi |
| Richardson Rd | Wiley Oaks Dr | 2013 | 360 | 1.16 mi |
Burnsville, MN
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Size/SF 4,489
Richfield, MN
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Sun City Center, FL
Cap Rate 4.00%
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Belle Vernon, PA
Cap Rate 4.25%
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Size/SF 2,500
Shawnee, KS
Cap Rate 4.75%
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Durham, NC
Cap Rate 4.50%
Lease Abs NNN
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Size/SF 2,778
Springdale, AR
Cap Rate 4.50%
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R. Term 14.60 yrs
Size/SF 3,189
Cherry Hill, NJ
Cap Rate 6.00%
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R. Term 12.80 yrs
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Jackson, TN
Cap Rate 6.00%
Lease Double NN
R. Term 9.20 yrs
Size/SF 6,540
Virginia Beach, VA
Cap Rate 5.75%
Lease Abs NNN
R. Term 8.70 yrs
Size/SF 2,356
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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