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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 25 Updated: 08.20.25 Posted: 08.20.25 Status: Active     08.20.25

Summary

Price $1,700,000
Built/Renov 2025
Tenant Fifth Third Bank (GL)
Cap Rate 4.71%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,200
Lease Start 11-01-2025
#Units 1,100
Price/SF $772.73
Expiration 11-01-2045
Tenant Type Bank/Financial
NOI $80,000
R. Term 20.1
Ownership Ground Lease
Rent/SF $36.36
Increases 10.0%/6/yrs
Pop 5Mi 68,874
Lot/AC 0.65
Options 4/5yrs/10%
AHHI 5Mi $110,921

Highlights

  • Brand new 20-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee

Location Description

Fifth Third Bank is strategically located along Highway 96 in Bonaire, Georgia, with access to a daily traffic count of approximately 26,700 vehicles. The site is surrounded by major national retailers including Publix, Kroger, Walmart Supercenter, Lowe’s, Home Depot, Chick-fil-A, Starbucks, McDonald’s, and Walgreens, driving consistent consumer traffic to the area. The property is located...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Fifth Third Bank
  • Guarantor:Corp T and Rated
  • Company:Fifth Third Bancorp
  • # Units:1,100
  • Tenant S&P: A-
  • Moody’s: A1
  • Stock: NASDAQ: FITB

About Tenant

Fifth Third Bank, a subsidiary of Fifth Third Bancorp, is a diversified financial services company. As of March 2023, Fifth Third had $171 billion in assets and operated more than 1,100...


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