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Bank

Fifth Third Bank Ground Lease

20 S Tuttle Rd, Springfield, OH 45505

Listing Price: $1,118,048

Cap Rate
6.25%
Tenant Name
Fifth Third Bank
Years Remaining On Lease
4.7
Gross SF
6,141
Guarantor
Corporate Guarantee
Rentable SF
6,141
Price/Gross SF
$182.06
Lease Type
NNN Ground Lease
Rent Per Square Feet
$11.38

Investment Overview

Fifth Third Bancorp is a bank holding company headquartered in Cincinnati, Ohio. It is the parent company of Fifth Third Bank, which operates over 1,000 branches and 2,400 automated teller machines across 12 states.

Springfield is a city in, and the county seat of, Clark County, Ohio. The city lies in southwestern Ohio, roughly 45 miles west of Columbus and 25 miles northeast of Dayton. The city is home to over 58,600 residents. The surrounding Clark County area is home to over 136,000 residents.

Investment Highlights

  • Absolute Triple-Net Ground Lease - New Five Year Extension, Showing Commitment to the Site
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Outparcel to Walmart Supercenter
  • Adjacent to Approximately 1,500 New Single-Family and Multi-Family Homes in Development
  • Easily Accessible Location Three Miles Off Interstate 70 and Along East National Road, Providing Direct Access into Downtown Springfield
  • 73,195 Residents within a Five Mile Radius
  • Minutes from Buck Creek State Park, a Tourist Destination Featuring a 2,120-Acre Lake
  • Down the Road from the Prime Ohio Corporate Park, Home to Distribution Centers for ALDI, Gordon Food Service, and Dole Foods

Exclusively Listed By

Financing By

Bank

Fifth Third Bank Ground Lease

Listing Price: $1,118,048

Cap Rate
6.25%
Tenant Name
Fifth Third Bank
Years Remaining On Lease
4.7
Gross SF
6,141
Guarantor
Corporate Guarantee
Rentable SF
6,141
Price/Gross SF
$182.06
Lease Type
NNN Ground Lease
Rent Per Square Feet
$11.38

Investment Highlights

  • Absolute Triple-Net Ground Lease - New Five Year Extension, Showing Commitment to the Site
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Outparcel to Walmart Supercenter
  • Adjacent to Approximately 1,500 New Single-Family and Multi-Family Homes in Development
  • Easily Accessible Location Three Miles Off Interstate 70 and Along East National Road, Providing Direct Access into Downtown Springfield
  • 73,195 Residents within a Five Mile Radius
  • Minutes from Buck Creek State Park, a Tourist Destination Featuring a 2,120-Acre Lake
  • Down the Road from the Prime Ohio Corporate Park, Home to Distribution Centers for ALDI, Gordon Food Service, and Dole Foods

Investment Overview

Fifth Third Bancorp is a bank holding company headquartered in Cincinnati, Ohio. It is the parent company of Fifth Third Bank, which operates over 1,000 branches and 2,400 automated teller machines across 12 states. Springfield is a city in, and the county seat of, Clark County, Ohio. The city lies in southwestern Ohio, roughly 45 miles west of Columbus and 25 miles northeast of Dayton. The city is home to over 58,600 residents. The surrounding Clark County area is home to over 136,000 residents.

Exclusively Listed By

Financing By

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