Bowling Green Retail for Sale
The subject property is a brand-new freestanding Fifth Third Bank located in Bowling Green, Kentucky. The brand new 20-year absolute NNN ground lease is corporately guaranteed by Fifth Third Bank (NASDAQ: FITB) and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods, providing investors with long-term, passive income backed by an investment-grade national financial institution.
Strategically positioned along Scottsville Road, the dominant retail and commercial corridor in Bowling Green, the property commands high-volume exposure with 33,000 vehicles per day passing directly in front on Scottsville Road, complemented by an additional 15,000 vehicles per day on the adjacent Cave Mill Road. Fifth Third Bank occupies a newly constructed 2,400-square-foot building on-site, offering strong frontage and convenient access. Surrounded by dense commercial development and sustained residential growth, the property is perfectly positioned to benefit from increasing daily consumer traffic.
The property is an outparcel to a Kroger-anchored shopping center and is adjacent to a brand-new First Watch restaurant, placing it within a highly active retail destination that consistently draws strong daily traffic from the surrounding community. Bowling Green is experiencing significant population growth, with projections showing over 10% growth over the next five years within the 1, 3, and 5 mile radius, supporting long-term retail demand and reinforcing the strength of the surrounding trade area. The asset also benefits from its close proximity to Western Kentucky University, located approximately 2 miles from the site, with an enrollment of more than 16,700 students, providing a stable base of students, faculty, and staff that contribute to consistent daily traffic and economic activity throughout the area.
The trade area is supported by a strong concentration of national and regional retailers including Kroger, Starbucks, Walgreens, Hobby Lobby, Big Lots, Chick-fil-A, LongHorn Steakhouse, Mission BBQ, Blaze Pizza, Qdoba, Freddy’s Frozen Custard & Steakburgers, Arby’s, Wendy’s, Taco Bell, KFC, Smoothie King, Subway, Captain D’s, Bruster’s Real Ice Cream, The Vitamin Shoppe, Cricket Wireless, Spectrum, Workout Anytime, Great Clips, Once Upon A Child, and Shoe Station, among others. This diverse retail mix generates consistent consumer traffic and reinforces Scottsville Road as one of Bowling Green’s most established and heavily trafficked commercial corridors.
