Contacts
Furman Capital Advisors
Furman Capital Advisors
Furman Capital Advisors
Property Details
- Property Type Retail
- Property Size 2,400 SF
- Lot Size 0.91 Acre
- Cap Rate % 4.65
- NOI / YR $95,000.00
- Parking Spaces Avail. 15
- Parking Ratio 6.25 / 1,000 SF
- Date Updated Sep 21, 2026
Zero Landlord Responsibilities: This attractive Absolute Net Ground Lease structure leaves the Landlord with no maintenance, insurance, or property tax obligations, offering a truly passive investment.
Investment-Grade Tenant: The Tenant, Fifth Third Bank, N.A., is one of the nation’s leading regional financial institutions, generating approximately $9.0 billion in 2025 revenue and operating an extensive network of more than 1,100 branch locations and 2,400 ATMs across the United States, underscoring the tenant’s strong brand recognition and long-term operating scale.
Strong Lease Terms: 15 years remaining on the initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases every five years, ensure long-term reliable income and cash flow stability.
Prime Retail Corridor: Strategically located on Platt Springs Road (±19,300 VPD) near its intersection with S. Lake Drive (±28,300 VPD), the Property benefits from strong traffic counts and is surrounded by a dense concentration of national retailers, restaurants, and daily-needs businesses that drive consistent consumer traffic and long-term retail demand.
Excellent Demographics: With a 5-mile population density of ±63,945 people and a respective average household income of $100,767, this property is ideally situated for excellent customer exposure through its proximity to a large and affluent customer base.
Rapidly Developing Market: Columbia, South Carolina’s capital city, has gained recognition as a prime destination and rapidly growing city, attracting major employers like Scout Motors, Michelin, Samsung, Prisma Health, BlueCross BlueShield, Aflac, and many more.
Reach out to the broker for more info on lease terms and amenities
Getting around
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50/100
Walk Score ®
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34/100
Bike Score ®
Location
- City Lexington, SC
- Neighborhood Red Bank
- Zip Code 29073
- Market Columbia
Points of Interest
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Shell
0.13 miles
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Exxon
0.17 miles
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Murphy Express
0.40 miles
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ExxonS
1.76 miles
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Quick Service
2.36 miles
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Lexington SC Supercharger
3.09 miles
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Pops
3.23 miles
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BP
3.32 miles
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QuikTrip
3.62 miles
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Lexington High School Faculty Parking
6.97 miles
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Lexington High School Visitor Parking
7.01 miles
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Dreher Shoals Dam Parking Lot
9.03 miles
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Chick-fil-A
0.08 miles
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Subway
0.11 miles
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Sonic
0.15 miles
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Popeyes
0.18 miles
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Hardee's
0.20 miles
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Bucks Pizza
0.22 miles
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China House
0.22 miles
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Waffle House
0.31 miles
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Burger King
0.31 miles
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Taco Bell
0.38 miles
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Publix
0.16 miles
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Food Lion
0.24 miles
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ALDI
0.33 miles
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Walmart Supercenter
0.53 miles
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pOpshelf
0.54 miles
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Walmart Neighborhood Market
3.85 miles
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Village Shopping Center
5.65 miles
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Big Lots
5.68 miles
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KJ's Market IGA - Barnyard
5.98 miles
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Ross
6.33 miles