Fifth Third Bank

$ 4,754,667Garner, NC

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Property Details

Fifth Third Bank

Address: 1145 Hwy 70, Garner, NC

Highlights:

  • Strong Deposits
  • Annual Rent Escalators
  • Corporate Guaranty
  • Absolute NNN Lease

Oswald Cooke & Associates is pleased to offer an Absolute NNN leased Fifth Third Bank to the market.  The 0.90 acre site is located on Highway 70 in a major retail corridor. The 20-Year Absolute NNN lease expires November 2025 with (5) 5-Year renewal options. The branch is located in Wake County, which is apart of the Raleigh-Durham MSA. The 2,872 SF bank has seen a consistent growth in deposits each year. According to FDIC the branch had $22.991 million in deposits for 2020. Other national retailers in the area include: Target, Walgreens, Burger King, Chick-Fil-A, Taco Bell, Lowes, Outback, Petsmart, Wal-mart and many others. The site is also surrounded by numerous schools and industrial/flex offices.

Garner is within the North Carolina’s Research Triangle, which  consists of Raleigh, Durham, and Chapel Hill. The area is known for it’s highly acclaimed universities and affordable living accommodations.  The metropolitan area is known for it’s job development, it’s population growth, and reasonable cost of living. The MSA was named 3rd Best in Quality of Life in the World by NUMBEO, Raleigh ranks #2 in The 10 Best Big Cities to Live in Right Now by Money Magazine.