Fifth Third Bank - New Long Term 20 Yr. Corporate Lease

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a single tenant absolute net leased Fifth Third Bank in Huntsville, AL—the largest and fastest growing city in the state. Fifth Third Bank is a publicly traded company with an investment grade credit rating and operates over 1,100 Bank Branches and 2,400 ATMs Across 16 states. The 20-year lease has over 19.3 years remining in the primary term with four 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities providing years of passive income.

The subject property is in the center of MidCity District, a 40-acre redevelopment project prioritizing fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,800 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more. MidCity District and the subject property are adjacent to Cummins Research Park, the second largest research park in the country and fourth largest in the world. Over 300 companies occupy the 3,800+ acre research park including Lockheed Martin, Northrop Grumman, Boeing, Airbus, Raytheon, Blue Origin, IBM, NASA, and the U.S. Space and Rocket Center.