Fifth Third Bank | New 20-Year Absolute NNN 5213 Veterans Pky 2,400 SF Retail Building Murfreesboro, TN 37128 $4,333,000 ($1,805.42/SF) 4.50% Cap Rate

The subject property is a brand-new freestanding Fifth Third Bank located in Murfreesboro (Nashville), Tennessee. The brand new 20-year absolute NNN ground lease is corporately guaranteed by Fifth Third Bank (NASDAQ: FITB) and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods, providing investors with long-term, passive income backed by an investment-grade national financial institution.
Strategically positioned in front of a brand-new Publix supermarket and adjacent to McDonald’s, Taco Bell, 7-Eleven, AutoZone, and Wawa, the property also benefits from direct visibility across from the future Vanderbilt Hospital—a major forthcoming medical hub. Fifth Third occupies a newly constructed building on a large 1.48-acre parcel along Veterans Parkway, just off the I-840 interchange, where traffic counts exceed 57,500 vehicles per day on I-840 and 22,500 vehicles per day on Veterans Parkway. The property offers excellent visibility, access, and exposure within one of Murfreesboro’s fastest-growing commercial corridors, supported by robust residential, retail, and medical development activity.
The surrounding area is highly affluent, with average household incomes exceeding $143,000 and a five-mile population projected to grow more than 15% over the next five years—surpassing 101,000 residents. Nearby master-planned communities include Sheldon Springs, Berkshire Subdivision, and Burgess Farm Development, driving consistent demand and retail traffic.
The immediate trade area features a strong mix of national and regional tenants including Publix, Kroger, Aldi, Walmart, Sam’s Club, Kohl’s, Lowe’s, CVS, Starbucks, Chick-fil-A, AutoZone, Wawa, and 7-Eleven, as well as premier shopping destinations such as The Avenue Murfreesboro (home to Best Buy, Petco, Michaels, Dick’s Sporting Goods, LOFT, Burlington, Ross, T.J. Maxx, World Market, and American Eagle). The area also benefits from key hospitality and healthcare anchors including Embassy Suites by Hilton, Staybridge Suites, and Ascension Saint Thomas Medical Center, contributing to steady traffic and sustained economic vitality.
This offering represents an exceptional opportunity to acquire a newly built, investment-grade, corporately guaranteed Fifth Third Bank on an absolute NNN ground lease in a thriving Murfreesboro growth corridor surrounded by top national retailers, strong demographics, and accelerating residential expansion.