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5952 Cumming Hwy NE
Sugar Hill, GA 30518
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN ground lease to Fifth Third Bank, with over 1,100 locations across 11 states.
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors
- The bank is significantly accelerating its presence in the Southeast, with a goal to approximately 400 branches in the region by the end of 2025
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Fifth Third Bank projects significant 2025 growth, with its full-year Net Interest Income (NII) guidance raised to 5.5%-6.5%
- Fifth Third Bancorp plans to acquire Comerica in a $10.9 billion all-stock deal, creating the ninth-largest U.S. bank by assets by early 2026.
EXECUTIVE SUMMARY
High-visibility and easily accessible location along State Route 20, Sugar Hill’s primary retail thoroughfare (41,900 AADT). Fifth Third Bank saw growth in key areas in 2024, including strong household and Southeast regional deposit growth, 17% growth in Wealth and Asset Management, and 30% year-over-year revenue growth in its Newline commercial payments platform. The five-mile radius serves an affluent and populous region of 141,196, with an average annual household income of $173,748 within one mile. Built in 2026, the 2,220 SF property is designed for Fifth Third Bank’s specific operational needs. Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Fifth Third Bank and Sugar Hill for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
2,220 SF
Building Class
C
Year Built
2025
Price
$3,579,000
Price Per SF
$1,612.16
Cap Rate
4.75%
NOI
$170,003
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.27 AC
Zoning
BG
Parking
24 Spaces (10.81 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 7-339-016 | Improvements Assessment | $0 |
| Land Assessment | $200,280 | Total Assessment | $200,280 |
PROPERTY TAXES
Parcel Number
7-339-016
Land Assessment
$200,280
Improvements Assessment
$0
Total Assessment
$200,280
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