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2941 Shallowford Road, Marietta, GA, 30066

FIFTH THIRD BANK (GROUND LEASE)
yes

Key Information

Cap Rate
4.5%
Tot. SF
1,900
Year Built
2025
Term Remaining
±15 YRS
Type
Retail
NOI
$175,000

Highlights

  • Brand new 2025 construction with drive-thru ATM
  • Fundamentally located on the hard corner of a 4-way signalized intersection
  • Multiple points of ingress/egress
  • National big-box retailers in the immediate area include Publix, Kroger, Target & Home Depot
  • Located within the extremely desirable and low velocity East Cobb submarket
  • Optimal demographics with affluence, density and growth:
    • Population: ±8,111 (1-Mi), ±71,245 (3-Mi), ±183,850 (5-Mi)
    • Avg. Household Income: ±$202,372 (1-Mi), ±$191,293 (3-Mi), ±$177,792 (5-Mi)
  • Newly developed ground lease (significant tenant investment)
  • 15-year base term
  • Four (4), 5-year renewal options
  • 10% Increase every 5 years
  • Corporately guaranteed by Fifth Third Bank, N.A.
  • Investment grade credit rating of A-/Stable (S&P)
  • Atlanta Metro has the 5th largest population in the US with 5.9+ million resident
  • 30 companies with HQ in metro Atlanta are among the 2020 Fortune 1000
    • 16th ranked in the elite Fortune 500
  • Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)
  • For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net
    migration
  • Major industries include financial services, technology and telecommunications
  • Forbes Rankings:
    • #13 Best Places for Business and Careers
    • #34 in Job Growth
    • #41 in Education
  • Operates 1,100 branches, over 40,000 fee-free ATMS and 2,400 automated teller machines in 11 states
  • Publicly traded on the Nasdaq Global Select Market System under the symbol FITB
  • Tenant Financials:
    • Market Cap: $29.6 B
    • Profits: $2.3 B
    • Net Worth: $19.17 B
  • Rankings:
    • 14th largest bank in US (US News & World Report, 2024)
    • #321 on Fortune 500
    • Bank of the Year (The Banker, 2023)
    • US Best Super-Regional Bank (Euromoney, 2024)
    • Most Innovative Companies (Fortune, 2024)

Photos

Location

Agents

Broker of Record

Bill Pedersen

License # 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203