Gainesville, FL - Fifth Third Bank

Description:

• Brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The tenant, Fifth Third Bank, is an investment grade tenant (S&P: A-) with more than 1,100 locations
• The lease features 10% rental increases every 5 years and at the beginning of each option period, boosting NOI and hedging against inflation

• Located at the signalized, four-way intersection of NW 16th Blvd and
NW 41st St
• The asset has excellent visibility and shares cross-access with The Marketplace at Thornebrook, a Fresh Market-anchored shopping center
• The Publix across the street ranks in the 92nd percentile (5,073 out of 64,464) of all nationwide grocery stores via Placer.ai
• The surrounding residential neighborhoods will provide a steady, consistent consumer base from which to draw