- Brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The tenant, Fifth Third Bank N.A. is an investment grade tenant (S&P: A-) with more than 1,100 locations
- The lease features 10% rental increases every 5 years and at the beginning of each option period, boosting NOI and hedging against inflation
- Tenant pays for CAM, taxes, insurance, and maintains all aspects of the premises
- Investor benefits from fee-simple ownership of the land
- No landlord responsibilities
- Ideal management-free investment for a passive investor in a state with no state income tax
- Brand new roof and remodel which features high-quality materials, distinct Fifth Third design elements, and state-of-the-art bank features
- Equipped with a drive-thru ATM and additional lanes, providing ease and convenience for costumers