Log In/Sign Up
Your email has been sent.
Fifth Third Bank 5901 University Dr 2,200 SF Retail Building Huntsville, AL 35806 $8,963,334 CAD ($4,074.24 CAD/SF) 4.25% Cap Rate
Investment Highlights
- New Long Term 20 Yr. NNN Corp. Lease by Fifth Third Bank (NASDAQ: FITB)- Recently Opened
- Huge Growth Market- Huntsville is the Next Austin (Rocket City USA)- U.S. Space Command/Nasa
- “World’s Best Bank” Forbes 2025- Top 25 Bank in the U.S.- Strong Corporate Guaranty
- High Profile Trophy Site- Outparcel to Mid City District Mixed Use Master Planned/High-Tech District
- Surrounded by TopGolf- The Camp/Huntsville Amphitheater- 2nd Largest Research Park in the U.S.
- $80M+ in Deposits within 1st Year- 6 Lane Drivethru- 10% Rent Bumps- Large 1.21 Acre Parcel
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a single tenant absolute net leased Fifth Third Bank in Huntsville, AL—the largest and fastest growing city in the state. Fifth Third Bank is a publicly traded company with an investment grade credit rating and operates over 1,100 Bank Branches and 2,400 ATMs Across 16 states. The 20-year lease has over 19.3 years remining in the primary term with four 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities providing years of passive income.
The subject property is in the center of MidCity District, a 40-acre redevelopment project prioritizing fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,800 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more. MidCity District and the subject property are adjacent to Cummins Research Park, the second largest research park in the country and fourth largest in the world. Over 300 companies occupy the 3,800+ acre research park including Lockheed Martin, Northrop Grumman, Boeing, Airbus, Raytheon, Blue Origin, IBM, NASA, and the U.S. Space and Rocket Center.
The subject property is in the center of MidCity District, a 40-acre redevelopment project prioritizing fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,800 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more. MidCity District and the subject property are adjacent to Cummins Research Park, the second largest research park in the country and fourth largest in the world. Over 300 companies occupy the 3,800+ acre research park including Lockheed Martin, Northrop Grumman, Boeing, Airbus, Raytheon, Blue Origin, IBM, NASA, and the U.S. Space and Rocket Center.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,200 SF
Building Class
B
Year Built
1984
Price
$8,963,334 CAD
Price Per SF
$4,074.24 CAD
Cap Rate
4.25%
NOI
$380,941 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.21 AC
Opportunity Zone
Yes
Parking
24 Spaces (10.91 Spaces per 1,000 SF Leased)
Frontage
206’ on University Dr
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-09-31-0-000-008.000 | Improvements Assessment | $94,002 CAD |
| Land Assessment | $207,426 CAD | Total Assessment | $301,428 CAD |
Property Taxes
Parcel Number
14-09-31-0-000-008.000
Land Assessment
$207,426 CAD
Improvements Assessment
$94,002 CAD
Total Assessment
$301,428 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Fifth Third Bank | 5901 University Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.