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
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
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 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
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