INVESTMENT GRADE TENANT
• Fifth Third Bank is a Fortune 500 company with over $164B held in deposits
• Revenue increased 35% YoY
• S&P Rating: A-
STRONG LEASE FUNDAMENTALS
• 10% rent increase every 5 years during option periods
• Absolute NNN Ground lease with no Landlord Responsibilities
• Four (4) - Five (5) year option periods
GROCERY ANCHORED OUTPARCEL
• This Fifth Third Bank site is an outparcel to an Ingles grocery store
• The Ingles is in the 90th percentile nationally in visits
• Excellent visibility from Weaver Blvd, which serves as the connector between I-26 and downtown Weaverville
BANKING DEMAND DRIVER
• Branch location adjacent to Ingles Markets headquarters and distribution hub (major regional employer)
• Weaverville is a commuter town for Asheville professionals, supporting steady demand for financial services
LOCATED IN LOW VACANCY AND HIGH DEMAND RETAIL CORRIDOR
• Located on Weaver Boulevard, the primary retail artery in Weaverville
• Traffic counts exceed 15,000 vehicles per day (VPD) on Weaver Blvd
• Over 917K SF of Retail boasting a 0.2% vacancy rate
• 11.6K SF of absorption
• Immediate trade area includes Walmart Supercenter, Ingles, Lowe's, CVS, McDonald's, and Starbucks
LOCATED IN AFFLUENT MARKET OF ASHEVILLE MSA
• Just 15 minutes north of downtown Asheville
• AHHI exceeds 105K in 1, 3, and 5 mile radius
• One of the fastest growing cities in the country with 13.4% growth from 2010 to 2020
• Asheville Regional Airport saw 2 million+ passengers in 2023, underscoring regional economic strength