NEW 20-YEAR LEASE | 10% ESCALATIONS EVERY 5 YEARS
- The property is leased under a new 20-year absolute NNN ground lease with 10% rent increases every five years
throughout the base term and option periods.
CORPORATE GUARANTY FROM FIFTH THIRD BANK (NASDAQ: FITB)
- The lease is guaranteed by Fifth Third Bank, N.A., one of the nation’s largest financial institutions with $296.1
billion in assets, 1,800+ branches, and investment-grade S&P A- and Moody’s A1 ratings.
ABSOLUTE NNN GROUND LEASE
- The investor acquires fee simple ownership under an absolute NNN ground lease with zero landlord
responsibilities
PLACER-VALIDATED CONSUMER TRAFFIC
- Positioned within a Publix-anchored retail corridor, the nearby Publix ranks among the top 30% of locations
nationwide by Placer.ai.
DENSE & AFFLUENT RALEIGH TRADE AREA
- The property serves more than 108,926 residents within five miles, with average household incomes of $163,263
within three miles and $138,588 within one mile.
IRREPLACEABLE INFILL LOCATION IN NORTH CAROLINA’S FASTEST-GROWING CITY
- Located in Rolesville, North Carolina’s fastest-growing city, the property fronts South Main Street (23,000 VPD)
amid significant mixed-use development and limited future retail land supply.