Fifth Third Bank

• Brand-New 15-Year Absolute NNN Ground Lease: The property is secured by a new 15-year absolute NNN ground lease, providing long-term, passive income with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, and property-related expenses.
• Investment-Grade Credit | Fifth Third Bank: The lease is guaranteed by Fifth Third Bank, one of the nation’s largest regional banking institutions and an investment-grade credit tenant, providing investors with durable long-term credit and income security.
• Attractive Rental Growth: The lease features 10% rental increases every five years throughout the initial term and renewal options, providing contractual NOI growth and a hedge against inflation.
• Low Rent | Strong Underlying Real Estate: With annual ground rent of just $115,000 on approximately 0.95 acres, the property benefits from a highly replaceable rent level and strong underlying real estate fundamentals, helping mitigate long-term residual risk.
• Strong National Retail Synergy: Strategically positioned directly across from Publix-anchored Rice Creek Village and a new Starbucks, with nearby national retailers including Valvoline, Mavis Tires & Brakes, Bank of America, Wendy’s, McDonald’s, and others.