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Fifth Third Bank Ground Lease 20 Tuttle Rd 6,141 SF Retail Building Springfield, OH 45505 $1,164,633 ($189.65/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease - New 5 Year Extension, Showing Commitment to the Site
- Outparcel to Walmart Supercenter
- Easily Accessible Location 3 Miles Off Interstate 70 and Along East National Road, Providing Direct Access into Downtown Springfield
- 5% Rental Increases Every 5 Years with Multiple Renewal Options
- Adjacent to ±1,500 New Single-Family and Multi-Family Homes in Development
- 73,195 Residents within a 5-Mile Radius
Executive Summary
Fifth Third Bancorp is a bank holding company headquartered in Cincinnati, Ohio. It is the parent company of Fifth Third Bank, which operates over 1,000 branches and 2,400 automated teller machines across 12 states.
Springfield is a city in, and the county seat of, Clark County, Ohio. The city lies in southwestern Ohio, roughly 45 miles west of Columbus and 25 miles northeast of Dayton. The city is home to over 58,600 residents. The surrounding Clark County area is home to over 136,000 residents.
Springfield is a city in, and the county seat of, Clark County, Ohio. The city lies in southwestern Ohio, roughly 45 miles west of Columbus and 25 miles northeast of Dayton. The city is home to over 58,600 residents. The surrounding Clark County area is home to over 136,000 residents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,141 SF
Building Class
B
Year Built
2006
Price
$1,164,633
Price Per SF
$189.65
Cap Rate
6%
NOI
$69,878
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.15 AC
Parking
35 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-50700-01741-1001 | Improvements Assessment | $182,400 |
| Land Assessment | $108,910 | Total Assessment | $291,310 |
Property Taxes
Parcel Number
30-50700-01741-1001
Land Assessment
$108,910
Improvements Assessment
$182,400
Total Assessment
$291,310
Contacts
-
Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Michael Glass -
Marcus & Millichap
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Fifth Third Bank Ground Lease | 20 Tuttle Rd
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