Wells Fargo
Wells Fargo | New 15 Yr. Lease
Marketing description
The Snyder Carlton National Net Lease Team is pleased to offer investors an excellent opportunity to acquire an absolute-NNN, ground-leased Wells Fargo Bank in Brunswick, GA. Wells Fargo (NYSE: WFC) has an investment-grade credit rating, operates over 6,900 branches nationwide, and has over $1.4 trillion in annual deposits. With a new 15-year lease term, three 5-year option periods, 10% rent increases every 5 years, and zero landlord responsibilities, this asset is ideal for an investor seeking years of inflation-resistant cash flows. The new construction 3,276 SF standalone building with drive-up ATM on 0.89 acres is an outparcel to Glynn Isles Shopping Center (anchored by Target & Lowe’s Home Improvement) and is positioned on Altama Avenue, which sees over 21,300 VPD. Additionally, the subject property is within a mile of Glynn Place Mall, a 502,000 SF regional mall. Other nearby retailers include Walmart Supercenter, Walmart Neighborhood Market, The Home Depot, Publix, McDonald’s, Starbucks, Chick-fil-A, Wendy’s, Walgreens, and more.
Investment highlights
Brand New 15 Yr. Absolute NNN Corp. Ground Lease by Wells Fargo (NYSE: WFC)
Just Opened
Trophy Outparcel to Glenn Isles Power Center (193K SF)
Target/Lowe’s/Dick’s/Ross Anchored
Best in Class Bank - Part of “The Big Four Banks” - Strong Guarantee with Market CAP $185B+
Affluent Coastal City with Strong Demos - Within Main Retail Trade Area of a Large MSA
2024 Prototype Construction - Investment Grade Tenant with 10% Bumps/5 Yrs.
Coupon Clipper
Rare Price for a Brand New Top Bank Brand - Replaceable Market Rent
Strong Retail Density
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