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Fifth Third Bank 506 GA-247 2,200 SF Retail Building Bonaire, GA 31005 $2,373,064 CAD ($1,078.67 CAD/SF) 4.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Financial Tenant | Fifth Third National Association (NASDAQ: FITB; S&P: BBB+; Fortune #321)
- Strategically Located at the Hard Corner, Lit Intersection of Highway 247 & SR 96 (Combined Traffic Count: 36,400 VPD)
- 5 Miles South of Robins Air Force Base | Economic Impact of $4.26B | 22,000+ Jobs
- Brand New NNN Ground Lease | 20-Year Original Term | 10% Rent Increases Every 5 Years | Four, 5-Year Renewal Options
- Outparcel to Publix-Anchored Merganser Commons at Bonaire | Great Clips, Houston Healthcare Med-Stop, Dental Care of Bonaire, The UPS Store, etc.
- Less Than 7 Miles Southeast of Downtown Warner Robins | Warner Robins MSA (MSA Population: 203,872)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the brand-new, 20-year NNN Fifth Third Bank (S&P: BBB+) ground lease situated on 0.65 acres in Bonaire, Georgia—part of the Warner Robins MSA (Population: 203,872). The 2,200-square-foot bank branch is currently under construction and is expected to commence in November 2025. The ground lease features 10% rent increases every 5 years throughout the initial term and in each of the four, 5-year renewal options.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,200 SF
Building Class
C
Year Built
2025
Price
$2,373,064 CAD
Price Per SF
$1,078.67 CAD
Cap Rate
4.71%
NOI
$111,674 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.65 AC
Parking
14 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
227’ on Georgia 247
NEARBY MAJOR RETAILERS
Fifth Third Bank
CONTACTS
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Fifth Third Bank | 506 GA-247
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