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8807 Dorchester Rd
North Charleston, SC 29420
Fifth Third Bank · Retail Property For Sale
Investment Highlights
- 20-year absolute NNN ground lease to Fifth Third Bank, an investment-grade tenant with over 1,100 locations across 11 states (S&P: A- | Moody’s: A1).
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
- Fifth Third Bank is continuing to accelerate its expansion in the Southeast, with a goal of reaching approximately 450 branches in the region by EOY
- 10% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
- Fifth Third Bank saw continued growth in key areas in 2025, including strong household and Southeast regional deposit expansion,.
- approximately 13% year-over-year growth in Wealth and Asset Management revenue driven by 16% growth in assets under management
Executive Summary
This property boasts a prime banking location with exceptional visibility and convenient access near the intersection of Dorchester Road and Riverbluff Parkway, an area generating more than 47,000 vehicles per day. Positioned just 15 miles north of Downtown Charleston, which attracts a daytime population of approximately 90,000, the site enables connectivity to a robust customer base. Its proximity to Interstates 26 and 526 further enhances accessibility, capturing significant commuter traffic with a combined 138,000 AADT.
This outparcel benefits from its position within a dominant retail center anchored by nationally recognized retailers, including HomeGoods, Ulta, Ross, Five Below, PetSmart, Lidl, and First Watch, creating strong cross-shopping potential. The property is secured by Fifth Third Bank under an absolute NNN ground lease, eliminating maintenance and expense obligations, including those related to the roof, structure, and parking lot. With Fifth Third Bancorp holding approximately $294 billion in assets as of 2026, the investment is supported by a strong financial institution. The surrounding market is poised for consistent growth, with projected population and income increases within 1-, 3-, and 5-mile trade areas, positioning the asset for long-term stability in one of Charleston’s most active retail corridors.
This outparcel benefits from its position within a dominant retail center anchored by nationally recognized retailers, including HomeGoods, Ulta, Ross, Five Below, PetSmart, Lidl, and First Watch, creating strong cross-shopping potential. The property is secured by Fifth Third Bank under an absolute NNN ground lease, eliminating maintenance and expense obligations, including those related to the roof, structure, and parking lot. With Fifth Third Bancorp holding approximately $294 billion in assets as of 2026, the investment is supported by a strong financial institution. The surrounding market is poised for consistent growth, with projected population and income increases within 1-, 3-, and 5-mile trade areas, positioning the asset for long-term stability in one of Charleston’s most active retail corridors.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,900 SF
Building Class
B
Year Built
2024
Price
$3,289,000
Price Per SF
$1,731.05
Cap Rate
4.50%
NOI
$148,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.74 AC
Zoning
PDD_NC
Parking
15 Spaces (7.89 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 171-00-00-163 | Improvements Assessment | $906,864 |
| Land Assessment | $114,882 | Total Assessment | $1,021,746 |
Property Taxes
Parcel Number
171-00-00-163
Land Assessment
$114,882
Improvements Assessment
$906,864
Total Assessment
$1,021,746
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