Listed by Matthews
$5,323,999
Fifth Third Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 6,367
Cap Rate 5.00%
NOI $266,200
Tenancy Single
Lease Type Absolute NNN
Lease Term 30.1
Lease Expiration 07/31/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options Four, 5-year Options
Class A
Year Built 2007
Acreage 1.280
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/06/2007
Ground Lease No
Ownership Fee Simple
Absolute NNN | Corporate Guarantee | 6,367 SqFt
Marketing description
Fifth Third Bank is a prominent, publicly traded financial institution providing a broad range of banking, lending, and wealth management services across the United States. Headquartered in Cincinnati, Ohio, the bank leverages a strong regional presence and digital banking capabilities to serve individuals, businesses, and commercial clients with comprehensive financial solutions.
Investment highlights
- Absolute NNN Fee Simple Ownership — Offers a truly passive investment structure with zero landlord responsibilities.
- Early 10-Year Lease Extension — Fifth Third Bank exercised its 10-year renewal option more than one year early and added four additional 5-year renewal options beyond the new term, underscoring its long-term commitment to this location.
- Top-Performing Deposit Base — The branch reported $150,596,000 in deposits in 2025, ranking it among the top three Fifth Third Bank locations in Hillsborough County.
- Premier Tampa MSA Location — Tampa benefits from a diverse and expanding economic base driven by healthcare, finance, technology, and tourism, supporting strong job creation and making it one of the nation's leading markets for population and economic growth.
- Passive Cash Flow — Approximately 11 years of remaining base term provide stable, long-term income.
- Scheduled Rental Growth — Lease features 10% rent increases every five years, with the first increase scheduled for August 1, 2032.
- Institutional-Grade Tenant — Fifth Third Bank is a leading financial institution with $8.25 billion in total revenue and a significant footprint throughout Florida, operating more than 191 branches across 23 counties.
- Investment-Grade Credit — Fifth Third Bank holds an S&P credit rating of BBB+/Baa1 - and operates 1,097 branches nationwide, highlighting the strength and scale of the tenant.
- Excellent Visibility and Access — Situated on ± 1.28 acres along a heavily trafficked corridor with approximately ± 74,500 vehicles per day, the property benefits from strong visibility and proximity to major national retailers including Lowe's, Wells Fargo, Publix, Chipotle, Chase, and more.
- Limited Cannibalization / Strong Local Consumer Base — The nearest Fifth Third Bank branch is approximately 4 miles away and reported $48,095,000 in deposits in 2025, reinforcing this location's ability to serve a distinct and established customer base.
- Strong Demographics — The Tampa MSA surpassed 3.4 million residents in 2026, driven by sustained in-migration and continued expansion as one of the fastest-growing markets in the Southeast. Hillsborough County exceeds 1.6 million residents with consistent annual growth of approximately 1.5%, while affluent infill trade areas report household incomes exceeding $100,000, supporting long-term retail and banking demand.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$266,200.00
$22,183.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Zoning
PD PlannedPlanned Development
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 1 uses
View all 1 uses Last updated Mar 23, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
