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Fifth Third Bank 5444 Platt Springs Rd 2,400 SF Retail Building Lexington, SC 29073 $2,044,000 ($851.67/SF) 4.65% Cap Rate
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,400 SF
Year Built
2026
Price
$2,044,000
Price Per SF
$851.67
Cap Rate
4.65%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Parking
15 Spaces (6.25 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Fifth Third Bank | 5444 Platt Springs Rd
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