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Bank

Truist Bank Ground Lease

5110 Dixie Hwy, Louisville, KY 40216

Listing Price: $1,650,000

Cap Rate
6.20%
Tenant Name
Truist Bank
Years Remaining On Lease
5.6
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$412.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.50

Investment Overview

This offering presents the opportunity to acquire a single-tenant, net-leased Truist Bank in Louisville, Kentucky, providing stable, passive income backed by an investment-grade financial institution. The property is secured by a long-term ground lease with term remaining through December 31, 2031, and three five-year renewal options featuring scheduled rental increases. Truist Bank, a subsidiary of Truist Financial Corporation (NYSE: TFC), is one of the largest banking institutions in the United States, offering strong credit quality and long-term operational stability. Strategically located along a well-trafficked retail corridor within the Louisville MSA, the asset benefits from a diversified regional economy and proximity to national retailers and major employers.

Investment Highlights

  • Truist Bank is a Top-10 Commercial Bank with an A- S&P Investment Grade Rating
  • 6 Years Remaining on the Lease and Three 5-Year Renewal Options with Significant Rent Increases
  • Absolute Net Ground Lease on 1.21 Acres

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • Grant Fitzgerald

    Managing Director Investments

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Bank

Truist Bank Ground Lease

Listing Price: $1,650,000

Cap Rate
6.20%
Tenant Name
Truist Bank
Years Remaining On Lease
5.6
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$412.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$25.50

Investment Highlights

  • Truist Bank is a Top-10 Commercial Bank with an A- S&P Investment Grade Rating
  • 6 Years Remaining on the Lease and Three 5-Year Renewal Options with Significant Rent Increases
  • Absolute Net Ground Lease on 1.21 Acres

Investment Overview

This offering presents the opportunity to acquire a single-tenant, net-leased Truist Bank in Louisville, Kentucky, providing stable, passive income backed by an investment-grade financial institution. The property is secured by a long-term ground lease with term remaining through December 31, 2031, and three five-year renewal options featuring scheduled rental increases. Truist Bank, a subsidiary of Truist Financial Corporation (NYSE: TFC), is one of the largest banking institutions in the United States, offering strong credit quality and long-term operational stability. Strategically located along a well-trafficked retail corridor within the Louisville MSA, the asset benefits from a diversified regional economy and proximity to national retailers and major employers.

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • Grant Fitzgerald

    Managing Director Investments

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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