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Fifth Third Bank 844 Savannah Hwy 1,900 SF Retail Building Charleston, SC 29407 $3,578,947 ($1,883.66/SF) 4.75% Cap Rate
Investment Highlights
- Allows for a true, passive investment with no management required
- Opportunity to acquire an investment grade (S&P:A-) asset guaranteed by Fifth Third Bancorp (NASDAQ: “FITB)
- This location is the second Fifth Third Bank in Charleston providing limited competition
Executive Summary
Absolute NNN ground lease with 10% rental escalations throughout the lease term and option period
Asset situated along Charleston’s primary east-west thoroughfare and retail corridor with convenient access to I-526 and downtown Charleston which attracts 7.4M+ visitors each year
Asset situated along Charleston’s primary east-west thoroughfare and retail corridor with convenient access to I-526 and downtown Charleston which attracts 7.4M+ visitors each year
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,900 SF
Building Class
C
Year Built
2026
Price
$3,578,947
Price Per SF
$1,883.66
Cap Rate
4.75%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.54 AC
Parking
10 Spaces (2.21 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 418-13-00-175 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $72,000 |
Property Taxes
Parcel Number
418-13-00-175
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$72,000
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Fifth Third Bank | 844 Savannah Hwy
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