Fifth Third Bank NNN
For Sale
Contact for pricing
1145 US-70, Garner, NC 27529
Single-tenant Fifth Third Bank with a 20-year triple-net lease in place since 12/1/2005.
Property Size2,872 SF
Lot Size0.90 Acres
Price / SF$1,805
Days on Market162
Property Features for 1145 US-70
General Information
Standard status
Active
Size
2,872 SF
Lot size
0.90 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$298,096
Building Details
Year Built
1998
Tenancy
Single
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Mar 30
Changed: Sep 5
Last Checked: Sep 7 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
Surmount presents a Fifth Third Bank property located at 1145 US Highway 70 W in Garner, North Carolina. The site includes approximately 2,872 rentable square feet of building space on an estimated 0.9-acre parcel.
The property is subject to a 20-year triple-net (NNN) lease that commenced 12/1/2005. Current annual rent is $298,096, with scheduled increases of 10.00% every 5 years.
This is a single-tenant NNN asset structured around contractual rent and periodic increases as outlined in the lease.
The property is subject to a 20-year triple-net (NNN) lease that commenced 12/1/2005. Current annual rent is $298,096, with scheduled increases of 10.00% every 5 years.
This is a single-tenant NNN asset structured around contractual rent and periodic increases as outlined in the lease.
Key Highlights
- 5th Third Bank (single‑tenant) with 2,872 rentable SF on an estimated 0.9‑acre parcel
- 20‑year Triple Net (NNN) lease in place since 12/1/2005
- Current annual rent is $298,096 with scheduled 10% increases every 5 years
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 27529, NC
54,250
Population
22,089
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
940
Density / Sq Mi
$86,426
Median Household Income
$47,686
Median Earnings
$1,379
Median Rent
$325,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant Fifth Third Bank with a 20-year triple-net lease in place since 12/1/2005.
Where is this bank located?
The property is located at 1145 US-70 Garner, NC.
What is the asking price?
The asking price for this property is $5,184,278.
What are key features of this property?
This property features: 5th Third Bank (single‑tenant) with 2,872 rentable SF on an estimated 0.9‑acre parcel; 20‑year Triple Net (NNN) lease in place since 12/1/2005; Current annual rent is $298,096 with scheduled 10% increases every 5 years
