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34495496
34495497

5444 Platt Springs Rd, Lexington, SC 29073 For Sale

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors
$2,044,000
1 day on market
Updated 0 days ago

Fifth Third Bank Ground Lease

Details
Property Type Retail
Sub Type Bank
Square Footage 2,400
Cap Rate 4.65%
NOI $95,000
Occupancy 100%
Tenancy Single
Brand/Tenant Fifth Third Bank
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2041
Remaining Term 15
Rent Bumps Yes
Lease Options (4) 5-Year Options
Price per SqFt $852
Year Built 2026
Buildings 1
Acreage 0.910
Parking Spaces 15 spaces
Parking per 1,000 SqFt 6.25
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/29/2026
Ground Lease No
Ownership Ground Lease

Single Tenant Ground Lease | Lexington, SC

Marketing description

Furman Capital Advisors is pleased to present a brand-new Fifth Third Bank Absolute Net Ground Lease investment in Lexington, SC.

Investment highlights

Zero Landlord Responsibilities: This attractive Absolute Net Ground Lease structure leaves the Landlord with no maintenance, insurance, or property tax obligations, offering a truly passive investment.

Investment-Grade Tenant: The Tenant, Fifth Third Bank, N.A., is one of the nation's leading regional financial institutions, generating approximately $9.0 billion in 2025 revenue and operating an extensive network of more than 1,100 branch locations and 2,400 ATMs across the United States, underscoring the tenant's strong brand recognition and long-term operating scale.

Strong Lease Terms: 15 years remaining on the initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases every five years, ensure long-term reliable income and cash flow stability.

Prime Retail Corridor: Strategically located on Platt Springs Road (±19,300 VPD) near its intersection with S. Lake Drive (±28,300 VPD), the Property benefits from strong traffic counts and is surrounded by a dense concentration of national retailers, restaurants, and daily-needs businesses that drive consistent consumer traffic and long-term retail demand.

Excellent Demographics: With a 5-mile population density of ±63,945 people and a respective average household income of $100,767, this property is ideally situated for excellent customer exposure through its proximity to a large and affluent customer base.

Rapidly Developing Market: Columbia, South Carolina's capital city, has gained recognition as a prime destination and rapidly growing city, attracting major employers like Scout Motors, Michelin, Samsung, Prisma Health, BlueCross BlueShield, Aflac, and many more.

Listing Contacts

RS
SC 81850, NC 304910
Furman Capital Advisors
PC
SC 7016, SC
Furman Capital Advisors
LM
140061
Furman Capital Advisors
Listed by Furman Capital Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,000.00
$7,916.67/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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