Bank Ground Lease
23D Shelter Cove Lane, Hilton Head Island, SC 29928
For Sale
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A corporate-guaranteed Absolute NNN lease places no landlord responsibilities on the property owner.
Property SizeContact for details
Days on Market47
Property Features for 23D Shelter Cove Lane
General Information
Standard status
Property subtype
Net Operating Income
Additional Details
Cap Rate
Traffic Count
Building Details
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 3:23PM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
This bank property is structured as a corporate-guaranteed Absolute NNN ground lease, with no landlord responsibilities. The 20-year term is expected to begin in Q4 2026 and includes 10% rent increases every five years, plus four five-year renewal options. The lease is associated with Fifth Third Bank, National Association, which carries an S&P A- rating.
At 23D Shelter Cove Lane on Hilton Head Island, the property has frontage along William Hilton Parkway, where reported traffic is 32,600 vehicles per day. The one-mile average household income is $202,274.
At 23D Shelter Cove Lane on Hilton Head Island, the property has frontage along William Hilton Parkway, where reported traffic is 32,600 vehicles per day. The one-mile average household income is $202,274.
Key Highlights
- Corporate‑guaranteed Absolute NNN ground lease with no landlord responsibilities
- 20‑year lease expected to commence in Q4 of 2026
- 10% rent increases every five years and four five‑year renewal options
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
32,600 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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Business Placement
Demographics for 29928, SC
15,538
Population
19,204
Households
0.8
Avg Household Size
63
Median Age
63%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
751
Density / Sq Mi
$97,979
Median Household Income
$46,798
Median Earnings
$1,806
Median Rent
$776,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A corporate-guaranteed Absolute NNN lease places no landlord responsibilities on the property owner.
Where is this nnn property located?
The property is located at 23D Shelter Cove Lane Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $2,928,000.
What are key features of this property?
This property features: Corporate‑guaranteed Absolute NNN ground lease with no landlord responsibilities; 20‑year lease expected to commence in Q4 of 2026; 10% rent increases every five years and four five‑year renewal options
