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Fifth Third Bank - Atlanta GA MSA 4271 Salem Rd 2,397 SF Retail Building Covington, GA 30016 $3,691,741 CAD ($1,540.15 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | 2026 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases
- Across From Walmart Anchored Center | Nearby Retail
- Strong Demographics In 5-mile Trade Area | Atlanta MSA
- Absolute NNN Ground Lease | Leased Fee (Land Ownership) | Zero Landlord Responsibilities
- Infrastructure Improvements | Excellent Visibility & Access
Executive Summary
• 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, is an investment grade tenant (S&P: A-) with nearly 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
• The tenant, Fifth Third Bank, is an investment grade tenant (S&P: A-) with nearly 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Bank
Building Size
2,397 SF
Building Class
B
Year Built
2026
Price
$3,691,741 CAD
Price Per SF
$1,540.15 CAD
Cap Rate
4.50%
NOI
$166,108 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.25 AC
Zoning
CG - General Commercial
Parking
17 Spaces (7.09 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 12
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Fifth Third Bank - Atlanta GA MSA | 4271 Salem Rd
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