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31082866
31082867

2925 Scottsville Rd, Bowling Green, KY 42104

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment
$4,300,000
83 days on market
Updated 83 days ago

Fifth Third Bank | New 20-Year Absolute NNN

Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 2,400
Cap Rate 5.00%
NOI $215,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/13/2046
Remaining Term 19.9
Rent Bumps Yes
Lease Options (4) 5-Year Options
Class A
Year Built 2026
Acreage 0.790
Tenant Credit Corporate Guarantee
Ground Lease Yes

New 20-Year Absolute NNN | Outparcel to Kroger | 33,000 VPD

Marketing description

The subject property is a brand-new freestanding Fifth Third Bank located in Bowling Green, Kentucky. 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 along Scottsville Road, the dominant retail and commercial corridor in Bowling Green, the property commands high-volume exposure with 33,000 vehicles per day passing directly in front on Scottsville Road, complemented by an additional 15,000 vehicles per day on the adjacent Cave Mill Road. Fifth Third Bank occupies a newly constructed 2,400-square-foot building on-site, offering strong frontage and convenient access. Surrounded by dense commercial development and sustained residential growth, the property is perfectly positioned to benefit from increasing daily consumer traffic.

The property is an outparcel to a Kroger-anchored shopping center and is adjacent to a brand-new First Watch restaurant, placing it within a highly active retail destination that consistently draws strong daily traffic from the surrounding community. Bowling Green is experiencing significant population growth, with projections showing over 10% growth over the next five years within the 1, 3, and 5 mile radius, supporting long-term retail demand and reinforcing the strength of the surrounding trade area. The asset also benefits from its close proximity to Western Kentucky University, located approximately 2 miles from the site, with an enrollment of more than 16,700 students, providing a stable base of students, faculty, and staff that contribute to consistent daily traffic and economic activity throughout the area.

The trade area is supported by a strong concentration of national and regional retailers including Kroger, Starbucks, Walgreens, Hobby Lobby, Big Lots, Chick-fil-A, LongHorn Steakhouse, Mission BBQ, Blaze Pizza, Qdoba, Freddy’s Frozen Custard & Steakburgers, Arby’s, Wendy’s, Taco Bell, KFC, Smoothie King, Subway, Captain D’s, Bruster’s Real Ice Cream, The Vitamin Shoppe, Cricket Wireless, Spectrum, Workout Anytime, Great Clips, Once Upon A Child, and Shoe Station, among others. This diverse retail mix generates consistent consumer traffic and reinforces Scottsville Road as one of Bowling Green’s most established and heavily trafficked commercial corridors.

Investment highlights

Brand New 2026 High-Quality Construction

20-Year Absolute NNN Ground Lease Corporately Guaranteed by Fifth Third Bank (NASDAQ: FITB)

10% Rental Increases Every Five Years, Including (4) 5-Year Renewal Options

Prime High-Visibility Location — a Major Commercial Corridor with 33,000 Vehicles Per Day on Scottsville Road

Outparcel to Kroger-Anchored Shopping Center and Adjacent to Brand New First Watch Restaurant, Creating a Strong Daily Traffic Draw

Located Approximately 2 Miles from Western Kentucky University (16,700+ Students), Providing a Large and Stable Consumer Base

Rapidly Growing Market with Population Projected to Increase Over 10% in the Next 5 Years within the 5-Mile Radius, Supporting Long Term Retail Demand

Listing Contacts

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment

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Loan Amount
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$215,000.00
$17,916.67/mo

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