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203 Lexington Ave
Chapin, SC 29036
Fifth Third Bank Ground Lease · Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to Fifth Third Bank, an investment-grade tenant with over 1,100 locations across 11 states
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
- Fifth Third Bank delivered solid performance in 2025, achieving full-year Net Interest Income (NII) growth of approximately 6%.
- 10% rental increases each option period, ensuring consistent income growth.
- Fifth Third Bank saw continued growth in key areas in 2025, including strong household and Southeast regional deposit expansion.
- Fifth Third Bank is continuing to accelerate its expansion in the Southeast, with a goal of reaching approximately 450 branches in the region.
Executive Summary
This prime banking location offers exceptional visibility and accessibility along U.S. Route 76 near a signalized four-way intersection with a combined traffic count exceeding 25,000 AADT. Backed by investment-grade tenant Fifth Third Bank, the property benefits from the bank’s continued growth in 2025, highlighted by strong household and Southeast regional deposit expansion, along with approximately 13% year-over-year growth in Wealth and Asset Management revenue. The surrounding area is supported by a strong demographic profile, with an affluent five-mile radius averaging $128,277 in annual household income. Newly constructed in 2026, the 2,400-square-foot building is purpose-built to meet Fifth Third Bank’s operational needs. The asset operates under an absolute NNN ground lease, providing a truly passive investment with zero landlord management responsibilities, as the tenant covers all maintenance and expenses, including roof, structure, and parking lot. Additionally, the market demonstrates strong fundamentals, with projected population and income growth across 1-, 3-, and 5-mile radii positioning both this asset and the Chapin submarket for sustained long-term growth.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
2,400 SF
Building Class
C
Year Built
2026
Price
$3,173,517 CAD
Price Per SF
$1,322.30 CAD
Cap Rate
5%
NOI
$158,676 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.34 AC
Zoning
GC - General Commercial
Property Taxes
| Parcel Number | 000721-02-024 | Improvements Assessment | $0 CAD |
| Land Assessment | $39,324 CAD | Total Assessment | $39,324 CAD |
Property Taxes
Parcel Number
000721-02-024
Land Assessment
$39,324 CAD
Improvements Assessment
$0 CAD
Total Assessment
$39,324 CAD
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