Fifth Third Bank 351 Generations Way 41,382 SF 100% Leased 4-Star Retail Building Columbia, SC 29229 $2,555,555 ($61.76/SF) 4.50% Cap Rate

Fifth Third Bank at 351 Generations Way presents an opportunity to acquire a newly developed, single-tenant net leased asset backed by one of the nation's largest regional banking institutions. The investment is secured by a new 15-year absolute NNN ground lease with no landlord responsibilities, creating a passive ownership structure supported by a corporate guaranty and scheduled rental growth throughout the lease term.
The property occupies a visible position within the rapidly developing northeast Columbia corridor. The site benefits from frontage along an established retail and service corridor that serves surrounding residential communities and daily consumer traffic. The location is directly across from Publix-anchored Rice Creek Village and near a collection of national retailers and service providers, creating consistent commercial activity and reinforcing the property's long-term real estate fundamentals. Reported traffic counts along the corridor exceed 25,000 vehicles per day, supporting customer accessibility and tenant visibility.
Columbia serves as South Carolina's capital city and a major economic center for the Midlands region. The market is supported by a diverse employment base that includes government, higher education, healthcare, military, retail, and manufacturing sectors. Demand drivers such as the University of South Carolina, Prisma Health, and Fort Jackson contribute to regional economic stability and ongoing population growth. These fundamentals support continued consumer activity and banking demand throughout the trade area.
The lease structure includes 10% rent increases every five years during the initial term and throughout renewal options, providing contractual income growth while maintaining a relatively low ground rent basis. Combined with brand-new construction, corporate tenancy, and a growing Columbia location, the asset offers a long-term investment opportunity supported by both tenant credit and underlying real estate value.
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
105710, 22684 (SC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550