Fifth Third Bank

$ 3,258,777Cary, NC

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Property Details

Retail – Bank

Lot Size: 1.24 Acres

Tenant: Fifth Third Bank

Lease Term: 10-Year Absolute NNN

Year Built: 1999

Renewal Options: (5) 5-Year Options

Building Size: 2,867 SF

Description

Oswald Cooke & Associates is pleased to offer an Absolute NNN leased Fifth Third Bank to the market. The 1.24 acre site is located on Tryon Road and steps away from Western Wake Medical Center. 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 2,867 SF bank has seen a 75% increase in deposits since 2016. Other national retailers in the area include: Wal-Mart, Walgreens, Burger King, Chick-Fil-A, Harris Teeter, O’Charley’s and many others. The site is also surrounded by numerous national and regional headquarter corporations and medical offices.

Cary 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.