Fifth Third Bank | 20-YR GL | OP to Future Home Depot
5.40% Avg Return | IG Credit | Growth Market
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 20-year Fifth Third Bank ground lease in Ocala, FL. Fifth Third is currently under construction and is scheduled to open in September.
Investment highlights
Rare low rent ground lease with 20-year initial term
Fifth Third is rated A- by S&P and operates +/- 1,200 branches across 11 states
Shadow anchored by Publix anchored shopping center with full access and excellent visibility to 27,000 VPD along SR 200
Located in front of On Top of The World, a 13,000 acre retirement community with expansion plans and Ocala was ranked the 3rd fastest growing MSA in Florida in 2023
Absolute Net Ground Lease provides completely passive ownership and stable cash-flow for absentee owner
Fixed 10% increases provide hedge against inflation and an average return of 5.40% over the base term of the lease
Fifth Third opened 31 new branches in 2024, with plans to open 60 in 2025
Florida has no state income tax and in 2022 ranked as the fastest growing State in the US
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