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Fifth Third Bank 351 Generations Way 41,382 SF 100% Leased Retail Building Columbia, SC 29229 $3,519,255 CAD ($85.04 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand-new 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rental increases every five years throughout initial term and renewal options
- Directly across from Publix-anchored Rice Creek Village and a new Starbucks
- Investment-grade credit tenant — Fifth Third Bank, one of the nation's largest regional banks
- Annual ground rent of $115,000 on approximately 0.95 acres — highly replaceable rent
- Nearby national retailers: Valvoline, Bank of America, Wendy's, McDonald's, and others
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
105710, 22684 (SC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
105710, 22684 (SC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
41,382 SF
Year Built
2021
Price
$3,519,255 CAD
Price Per SF
$85.04 CAD
Cap Rate
4.50%
NOI
$158,366 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Lot Size
0.95 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20300-03-04 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,529 CAD | Total Assessment | $1,529 CAD |
Property Taxes
Parcel Number
20300-03-04
Land Assessment
$1,529 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,529 CAD
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Fifth Third Bank | 351 Generations Way
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