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  1. Commercial Properties
  2. SC
  3. Lexington
  4. Red Bank

Fifth Third Bank

For Sale

5444 Platt Springs Rd, Lexington, SC 29073

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.  

Building Details

  • For Sale $2,044,000
  • Property Type Retail
  • Property Size 2,400 SF
  • Lot Size 0.91 Acre
  • Cap Rate % 4.65
  • NOI / YR $95,000.00
  • Additional Rent Price on request
  • Parking Spaces Avail. 15
  • Parking Ratio 6.25 / 1,000 SF
  • Date Updated Oct 20, 2026
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Contacts

RS
Robert Schmidt

Furman Capital Advisors

PC
Peter Couchell

Furman Capital Advisors

LM
Lawrence Myers

Furman Capital Advisors

Location

  • City Lexington, SC
  • Neighborhood Red Bank
  • Zip Code 29073
  • Market Columbia
  • Map
  • Street
  • Walk score 50/100 Car-Dependent
  • Bike score 34/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Shell

0.13 miles

Exxon

0.17 miles

Murphy Express

0.40 miles

ExxonS

1.76 miles

Quick Service

2.36 miles

Lexington SC Supercharger

3.09 miles

Pops

3.23 miles

BP

3.32 miles

QuikTrip

3.62 miles

Lexington High School Faculty Parking

6.97 miles

Lexington High School Visitor Parking

7.01 miles

Dreher Shoals Dam Parking Lot

9.03 miles

Publix

0.16 miles

Food Lion

0.24 miles

ALDI

0.33 miles

Walmart Supercenter

0.53 miles

pOpshelf

0.54 miles

Walmart Neighborhood Market

3.85 miles

Village Shopping Center

5.65 miles

Big Lots

5.68 miles

KJ's Market IGA - Barnyard

5.98 miles

Ross

6.33 miles

Listing Summary

  • Property Financials

    5444 Platt Springs Rd is currently listed for sale at $2,044,000 for a price per square foot of $851.67.

  • Property Details

    5444 Platt Springs Rd totals 2,400 square feet of Retail space on a lot spanning 0.91 acres.

    There are a total of 15 parking spaces available onsite, with a parking ratio of 6.25 / 1,000 SF.

  • Area Characteristics

    5444 Platt Springs Rd is located in the Red Bank neighborhood.

    In terms of ease of commuting, the area has a walk score of 50, indicating that it is somewhat walkable.

Contact Fifth Third Bank
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