2210 Georgetown Rd
Lexington, KY 40511
Fifth Third Bank Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New corporate 15-year absolute NNN ground lease to investment grade tenant (NASDAQ: “FITB”)
- Zero landlord management, ideal for passive investors
- New high-quality 2025 construction featuring a drive-thru for added customer convenience
- 10% rental increases every five years, including initial term and options periods
- Fifth Third Bank holds $211 billion in assets (15th largest bank in the US)
EXECUTIVE SUMMARY
This Fifth Third Bank is a direct outparcel to a new 25-acre Publix anchored retail development. Tenants within the development include Panda Express, Heartland Dental, Valvoline, Tidal Wave Car Wash, 7 Brew, Wendy’s, City BBQ, Huck’s C-Store, and multi-tenant shop space. Positioned on two hard signalized intersections with a combined traffic count and direct access to 45,043 vehicles per day, and located just off the off-ramp of I-64 with 107,297 vehicles per day. Affluent demographic with a one-mile average household income of $99,521 (1, 3, and 5-mile AHHI’s expected to grow between 15%-17% by 2029). Less than five miles from The University of Kentucky (36,161 students) and three miles from Downtown Lexington (347,000+ residents). Surrounded by numerous Class-A industrial sites including two Amazon distribution centers, Coca-Cola, UPS, Lexmark, Georgia Pacific, FedEx, Schneider Electric, Tansy Logistic, XPO, and many others Surrounded by schools
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
1,900 SF
Building Class
B
Year Built
2024
Price
$2,269,000
Price Per SF
$1,194.21
Cap Rate
4.85%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.90 AC
Parking
20 Spaces (10.53 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 38033340 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,000,000 |
