New Wells Fargo | 20-Yr Abs NNN | Savannah MSA
Full Corporate Guaranty S&P: "A+" | 10% Rent Increases
Marketing description
Cushman & Wakefield is pleased to present the opportunity to acquire a new 20-year absolute NNN ground lease to Wells Fargo (NYSE:"WFC") the fourth largest bank in the United States by total assets with an investment grade credit rating (S&P: A+ | Moody's: AA2). The property features 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment. Wells Fargo reported a net income of approximately $21.3 billion and diluted earnings per share growth of approximately 17% in 2025, demonstrating robust profitability.
The property serves as an outparcel to a Publix-anchored multi-tenant shopping center, allowing for prime crossover retail opportunities and is surrounded by major national retailers creating a vibrant commercial hub for retail services. The site features a highly visible and easily accessible location near the signalized four-way intersection of Pooler Parkway and Park Avenue, allowing for prime site visibility (combined 36,000+ AADT).
The area benefits from 59,496 residents living within five miles of the property, marking an explosive 77% increase since 2010, with an excellent average annual household income of $115,768 within a five-mile radius of the property.
Investment highlights
- New 20-year absolute NNN ground lease to Wells Fargo (NYSE:"WFC") the fourth largest bank in the United States by total assets with an investment grade credit rating (S&P: A+ | Moody's: AA2).
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Wells Fargo reported a net income of approximately $21.3 billion and diluted earnings per share growth of approximately 17% in 2025, demonstrating robust profitability.
- Wells Fargo reported Q1 2026 net income of $5.9 billion, a 4% increase year-over-year.
- Loan balances have increased by $10.6 billion year-over-year, reflecting an effective growth strategy.
- Property serves as an outparcel to a Publix-anchored multi-tenant shopping center, allowing for prime crossover retail opportunities. and is surrounded by major national retailers creating a vibrant commercial hub for retail services.
- Surrounded by a strong mix of local and national retailers that drive the regions economic activity, including Sam's Club, Walmart Supercenter, The Home Depot, Dick's Sporting Goods, Hobby Lobby, Five Below, McAlister's Deli, IHOP, Applebee's, Buffalo Wild Wings, Chick-fil-A, Starbucks, and many more.
- Highly visible and easily accessible location near the signalized four-way intersection of Pooler Parkway and Park Avenue, allowing for prime site visibility (combined 36,000+ AADT).
- The site's proximity to Interstate 95 (97,000+ AADT) and U.S. Route 80 (24,000+ AADT) allows the property to capture significant local and commuter traffic.
- Walking distance from Tanger Outlets Savannah (approximately 4.5M annual visits).
- 59,496 residents live within five miles of the property, marking an explosive 77% increase since 2010.
- Excellent average annual household income of $115,768 within a five-mile radius of the property.
- Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Wells Fargo and Pooler for steady concurrent growth.
- Benefits from Savannah's massive tourism draw, driving regional economic activity (17 million visitors, approx. $4B annual visitor spending).
- High-quality 2026 construction completed built to Wells Fargo's latest prototype.
- 4,020-SF building to accommodate for Wells Fargo's operational efficiency.
- Site features a drive-thru for added customer convenience.
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