Fifth Third Bank NNN
1145 US-70 Garner, NC 27529
For Sale
Contact for pricing
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 Market116
Property Features for 1145 US-70
General Information
- Standard status
- Active
- Size
- 2,872 SF
- Lot size
- 0.90 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Mar 30
Changed: Jul 23
Last Checked: Jul 23 at 8:35AM
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
Location Intelligence
Current Use by Public Records
Banks
FAQs
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
