8807 Dorchester Rd - Bank FOR SALE


North Charleston, SC 29420
$3,289,000 USD
415-852-5177
8807 Dorchester Rd, North Charleston, SC for Sale
$3,289,000 USD
Bank - FOR SALE
1/9
null | 4.5% Cap Rate

8807 Dorchester Rd
North Charleston, SC 29420


HIGHLIGHTS

  • 20-year absolute NNN ground lease to Fifth Third Bank, an investment-grade tenant with over 1,100 locations across 11 states (S&P: A- | Moody’s: A1).
  • 10% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
  • Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
  • Fifth Third Bank saw continued growth in key areas in 2025, including strong household and Southeast regional deposit expansion,.
  • Fifth Third Bank is continuing to accelerate its expansion in the Southeast, with a goal of reaching approximately 450 branches in the region by EOY
  • approximately 13% year-over-year growth in Wealth and Asset Management revenue driven by 16% growth in assets under management

OVERVIEW

This property boasts a prime banking location with exceptional visibility and convenient access near the intersection of Dorchester Road and Riverbluff Parkway, an area generating more than 47,000 vehicles per day. Positioned just 15 miles north of Downtown Charleston, which attracts a daytime population of approximately 90,000, the site enables connectivity to a robust customer base. Its proximity to Interstates 26 and 526 further enhances accessibility, capturing significant commuter traffic with a combined 138,000 AADT. This outparcel benefits from its position within a dominant retail center anchored by nationally recognized retailers, including HomeGoods, Ulta, Ross, Five Below, PetSmart, Lidl, and First Watch, creating strong cross-shopping potential. The property is secured by Fifth Third Bank under an absolute NNN ground lease, eliminating maintenance and expense obligations, including those related to the roof, structure, and parking lot. With Fifth Third Bancorp holding approximately $294 billion in assets as of 2026, the investment is supported by a strong financial institution. The surrounding market is poised for consistent growth, with projected population and income increases within 1-, 3-, and 5-mile trade areas, positioning the asset for long-term stability in one of Charleston’s most active retail corridors.

FOR SALE DETAILS

PRICE

$3,289,000 USD

PRICE/SF

$1,731 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

PDD_NC

APN/PARCEL ID

171-00-00-254

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.