Absolute NNN Bank Lease
7541 Creedmoor Road Raleigh, NC 27613
For Sale
Contact for pricing
Pending
Fee simple Fifth Third Bank investment features absolute NNN structure and a signalized corner drive-thru.
Days on Market104
Property Features for 7541 Creedmoor Road
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
SRS Real Estate Partners Tampa
(480) 221-4221
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 12:38PM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
An absolute NNN leased Fifth Third Bank fee simple investment property offered by SRS National Net Lease Group. Fifth Third Bank, Inc. remains under approximately 5 years left on an initial 20-year lease, with five 5-year extension options. The lease provides for 3% rental increases every year throughout the initial term and each option period. The lease is corporate guaranteed by Fifth Third Bank, with an S&P investment grade credit rating of A-.
The bank is situated at a signalized hard corner intersection of Creedmoor Road and Howard Road, with a combined 41,000 VPD and a 3-lane drive-thru that includes an ATM. The site is positioned along a prominent retail thoroughfare and is across from Stonehenge Market. Stonehenge Market includes a mix of national and credit tenants such as Harris Teeter, Walgreens, Stein Mart, Starbucks, and Subway.
According to the FDIC, the location has approximately $57.13M in deposits as of June 2019. The 5-mile trade area is supported by a population over 175,167 and an average household income of $117,957.
The bank is situated at a signalized hard corner intersection of Creedmoor Road and Howard Road, with a combined 41,000 VPD and a 3-lane drive-thru that includes an ATM. The site is positioned along a prominent retail thoroughfare and is across from Stonehenge Market. Stonehenge Market includes a mix of national and credit tenants such as Harris Teeter, Walgreens, Stein Mart, Starbucks, and Subway.
According to the FDIC, the location has approximately $57.13M in deposits as of June 2019. The 5-mile trade area is supported by a population over 175,167 and an average household income of $117,957.
Key Highlights
- Fee simple ownership of an absolute NNN leased Fifth Third Bank property in Raleigh, NC.
- Tenant Fifth Third Bank, Inc. with ~5 years remaining on an initial 20‑year lease and 5 (5‑year) extension options.
- 3% rental increases every year during the initial term and each option period.
Property Analytics
Location Intelligence
Current Use by Public Records
Fifth Third Preferred ...
Financial Advisor
Fifth Third Bank ...
Bank
Fifth Third Preferred ...
Financial Advisor
FAQs
What type of property is this?
Bank - Fee simple Fifth Third Bank investment features absolute NNN structure and a signalized corner drive-thru.
Where is this bank located?
The property is located at 7541 Creedmoor Road Raleigh, NC.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased Fifth Third Bank property in Raleigh, NC.; Tenant Fifth Third Bank, Inc. with ~5 years remaining on an initial 20‑year lease and 5 (5‑year) extension options.; 3% rental increases every year during the initial term and each option period.
