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844 Savannah Hwy
Charleston, SC 29407
Fifth Third Bank · Retail Property For Sale
Investment Highlights
- Allows for a true, passive investment with no management required
- Opportunity to acquire an investment grade (S&P:A-) asset guaranteed by Fifth Third Bancorp (NASDAQ: “FITB)
- This location is the second Fifth Third Bank in Charleston providing limited competition
Executive Summary
Absolute NNN ground lease with 10% rental escalations throughout the lease term and option period
Asset situated along Charleston’s primary east-west thoroughfare and retail corridor with convenient access to I-526 and downtown Charleston which attracts 7.4M+ visitors each year
Asset situated along Charleston’s primary east-west thoroughfare and retail corridor with convenient access to I-526 and downtown Charleston which attracts 7.4M+ visitors each year
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,900 SF
Building Class
C
Year Built
2027
Construction Status
Proposed
Price
$4,882,113 CAD
Price Per SF
$2,569.53 CAD
Cap Rate
4.75%
NOI
$231,900 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.54 AC
Parking
10 Spaces (2.21 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 418-13-00-175 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $99,824 CAD |
Property Taxes
Parcel Number
418-13-00-175
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$99,824 CAD
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