This page tracks Fifth Third Bank net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Fifth Third Bank credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.
Fifth Third Bank is investment grade. Fifth Third Bank, N.A. carries long-term issuer ratings of A- (Stable outlook) from S&P Global Ratings, A3 (Negative outlook) from Moody’s and A- (Stable outlook) from Fitch Ratings, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026. Ratings change; confirm before relying on any figure here. See the Fifth Third Bank credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
17 Fifth Third Bank NNN properties observed for sale across 7 states as of October 2, 2026. Median asking cap rate 4.75% (range 4.50% to 8.06%). Median asking price $2.93M. Average remaining lease term 17.0 years (among 7 listings that state a term). Median building 2,400 SF. Figures update automatically from listing broker materials.
Fifth Third Bank NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant Fifth Third Bank properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| Hilton Head Island, SC | $2,928,000 | 4.85% | $142,000 | n/a | 2026 | Not stated | Get full property data |
| Spartanburg, SC | $3,127,000 | 4.50% | $140,716 | n/a | 2023 | Not stated | Get full property data |
| Moncks Corner, SC | $2,777,777 | 4.50% | $125,000 | n/a | 2026 | Not stated | Get full property data |
| Mt. Juliet, TN | $3,260,000 | 4.75% | $155,000 | n/a | 2026 | Not stated | Get full property data |
| Inverness, FL | $3,110,000 | 4.50% | $140,000 | n/a | 2026 | Not stated | Get full property data |
| Vestavia Hills, AL | $2,632,000 | 4.75% | $125,000 | n/a | 2026 | Not stated | Get full property data |
| Columbia, SC | $2,555,555 | 4.50% | $115,000 | n/a | 2026 | Not stated | Get full property data |
| Melrose Park, IL | $4,626,560 | 6.25% | $289,160 | n/a | 2006 | Not stated | Get full property data |
| Rolesville, NC | $2,889,000 | 4.50% | $130,000 | n/a | 2026 | Not stated | Get full property data |
| Clarksville, TN | $2,667,000 | 4.50% | $120,000 | 19.9 yrs | 2026 | Absolute NNN | Get full property data |
| North Charleston, SC | $3,289,000 | 4.50% | $148,000 | 17.5 yrs | 2024 | Absolute NNN | Get full property data |
| Chapin, SC | $2,191,000 | 5.25% | $115,000 | 20.0 yrs | 2026 | Absolute NNN | Get full property data |
Showing the 12 most recently listed of 17 observed listings; listings without a published asking price and cap rate are not shown here.
Search all 17 Fifth Third Bank properties on the market
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
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New Fifth Third Bank net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own a Fifth Third Bank? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a free valuation benchmark against the live Fifth Third Bank listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
Fifth Third does not franchise. The tenant on a branch lease is normally Fifth Third Bank, National Association, the operating bank subsidiary of Fifth Third Bancorp, so there is no operator layer between the landlord and the rated institution. What buyers are underwriting instead is branch durability. Bank branch leases carry consolidation and early-termination exposure that a store lease does not: networks are rationalized after acquisitions and as deposits move online, and the Comerica acquisition, completed in February 2026, adds overlapping branches in several markets, with Michigan branch closures already announced. A strong signatory does not keep a branch open, so the lease terms and the branch’s deposit base matter more than the parent.
The typical freestanding branch is roughly 3,000 to 4,500 square feet on a half acre to one acre, usually a shopping center pad or a corner site with a drive-up lane. Many bank pads are ground leases where the bank owns the improvements. Initial terms on newer deals run around fifteen years, with older sale-leaseback branches often shorter. Escalations are usually periodic, frequently a bump every five years or a small annual increase, and the pattern varies by vintage. Structure is usually NNN or absolute NNN with the bank handling taxes, insurance and maintenance. Fifth Third is building new branches in the Southeast while trimming legacy Midwest locations.
Across the current inventory, roughly 75% of listings with a reported build year were delivered in the last four years, and about 0% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.
Fifth Third Bank Cap Rate, Price and Term Distribution
These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| Under 5.00% | 11 | 65% | $2.90M |
| 5.00% to 5.49% | 2 | 12% | $4.29M |
| 5.50% to 5.99% | 1 | 6% | $3.05M |
| 6.00% to 6.49% | 2 | 12% | $3.50M |
| 7.00% and above | 1 | 6% | $3.00M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| $1.5M to $2.5M | 2 | 12% | 5.79% |
| $2.5M to $3.5M | 13 | 76% | 4.92% |
| $3.5M to $5M | 1 | 6% | 6.25% |
| $5M and above | 1 | 6% | 5.00% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| 10 to 15 years | 2 | 5.92% |
| 15 years and longer | 5 | 4.75% |
| Lease Type (as marketed) | Listings |
|---|---|
| Not stated | 11 |
| Absolute NNN | 6 |
How to read the pricing
The spread inside the Fifth Third Bank inventory runs from 4.50% to 8.06%, against a median of 4.75%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.
Where Fifth Third Bank NNN Properties Are For Sale
Current inventory spans 7 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| SC | 6 | 4.68% | $2.81M |
| IL | 5 | 6.23% | $3.89M |
| TN | 2 | 4.63% | $2.96M |
| GA | 1 | 4.50% | $2.67M |
| AL | 1 | 4.75% | $2.63M |
| NC | 1 | 4.50% | $2.89M |
| FL | 1 | 4.50% | $3.11M |
Fifth Third Bank as a 1031 Exchange Replacement Property
The median asking price in the current Fifth Third Bank inventory is $2.93M, and about 88% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.
- Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
- Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
- Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
- Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.
For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.
Fifth Third Bank NNN Due Diligence Checklist
These are the items that change the value of a Fifth Third Bank listing and are rarely resolved by the offering memorandum.
- Termination and non-renewal history. Ask for the lease’s early termination rights and any notice already given. Fifth Third has consolidated branches in legacy Midwest markets while opening new ones in the Southeast, so the branch’s fit with that plan matters.
- Ground lease versus fee simple. Many branch pads are ground leases with the bank owning the building. Confirm what reverts to the landlord at expiration and whether the improvements have any use outside a bank, which drives residual value.
- Deposit base and Comerica overlap. Branch deposits are public by location through federal data. A branch with thin deposits, or one near an overlapping Comerica location, is a closure candidate regardless of the remaining term.
- Escalation timing and option rent. Confirm whether increases fall in the primary term or only in options, and whether option rent resets to market. A branch with market-reset options carries more re-leasing risk than a flat-bump schedule.
How Investment Grade Works With Fifth Third Bank Buyers
Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Fifth Third Bank acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.
Owners of existing Fifth Third Bank properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.
Frequently Asked Questions
How many Fifth Third Bank NNN properties are for sale right now?
As of October 2, 2026, 17 single-tenant Fifth Third Bank net lease properties are observed for sale across 7 states. The count updates automatically as listings are added and removed.
Is Fifth Third Bank investment grade?
Fifth Third Bank, N.A. carries long-term issuer ratings of A- (Stable outlook) from S&P Global Ratings, A3 (Negative outlook) from Moody’s and A- (Stable outlook) from Fitch Ratings, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026.
What cap rate do Fifth Third Bank NNN properties sell at?
The current median asking cap rate is 4.75%, with the inventory ranging from 4.50% to 8.06%. Longer term, stronger markets and absolute NNN structures price at the tight end.
How much does a Fifth Third Bank NNN property cost?
The median asking price in the current inventory is $2.93M, with listings from $2.19M to $6.39M. About 88% fall between 1.5 and 3.5 million dollars.
Who signs the lease on a Fifth Third Bank property?
Fifth Third does not franchise. The tenant on a branch lease is normally Fifth Third Bank, National Association, the operating bank subsidiary of Fifth Third Bancorp, so there is no operator layer between the landlord and the rated institution. What buyers are underwriting instead is branch durability. Bank branch leases carry consolidation and early-termination exposure that a store lease does not: networks are rationalized after acquisitions and as deposits move online, and the Comerica acquisition, completed in February 2026, adds overlapping branches in several markets, with Michigan branch closures already announced. A strong signatory does not keep a branch open, so the lease terms and the branch’s deposit base matter more than the parent.
Is a Fifth Third Bank property a good 1031 exchange replacement?
It depends on your equity, your debt replacement requirement and your hold period. The median asking price is $2.93M and roughly 88% of inventory sits in the 1.5 to 3.5 million dollar range that suits a typical exchange. Term, lease structure and certainty of closing matter more than headline cap rate on a 45-day clock.
Working a Fifth Third Bank acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
