Truist Bank
Lowest
Cap Rate
4.85%
Lowest cap rate over past 24 months
Average
Cap Rate
6.00%
12 mo avg with 5+ yr lease term
Overview
Truist Bank properties are generally offered as absolute NNN or ground leases, making them attractive to investors seeking long-term, maintenance-free income backed by a large, regional banking institution.
Most leases are corporate-guaranteed by Truist Bank, offering investment-grade stability.
Average Property & Lease
| Average Sale Price | $2,200,000 - $5,000,000 |
| Average NOI | $140,000 - $260,000 |
| Building SF | 2,500 |
| Lease Term | 15 Years |
| Escalations | 10% Every 5 Years |
| Stock Symbol | TFC |
CREDIT RATING
TENANT DESCRIPTION
Truist is the 6th largest bank in the U.S. by assets. Formed from the merger of BB&T and SunTrust in 2019, the brand now serves a large footprint across the Southeast, Mid-Atlantic, and Texas, with services in commercial banking, retail banking, insurance, and wealth management.
PROS
-
Investment-Grade Credit: Corporate lease backed by a top-10 U.S. bank
-
NNN or Ground Lease Structure: No landlord responsibilities
-
Drive-Thru Locations: Maintains strong customer foot traffic despite digital banking growth
-
Regional Focus: High brand recognition in Southeast and Mid-Atlantic states
-
Long-Term Commitments: Many properties are built-to-suit with extended lease terms
CONS
-
Rebranding Transition: Some legacy BB&T and SunTrust locations still being converted
-
Banking Consolidation Trends: Risk of branch closings in overbanked areas
-
Lower Yield: Investment-grade credit leads to tighter cap rates
COMPANY QUICK STATS
| Founded | 2019 |
| Headquarters | Charlotte, North Carolina |
| Number of Locations | 2,000 |
| Revenue | $23.1 B |
| Company Website | https://www.truist.com |
| Key Principal | William H. Rogers Jr |
7-Brew
7-Eleven
Advance Auto Parts
ALDI
Amazon
and continues to lead the quick-lube industry with a strong brand
and high consumer trust.
Applebee's
Arby's
Aspen Dental
AT&T
AutoZone
Bank of America
Best Buy
BJ's
BMO Harris Bank
Bob Evans
Bojangles
Bridgestone/Firestone
Buffalo Wild Wings
Burger King
Cabela's
Caliber Car Wash
Caliber Collision
Captain D's
Caribou Coffee
Carl's Jr.
Cava
Chase Bank
Checkers
Cheddar's Scratch Kitchen
Chick-fil-A
Chili's Grill & Bar
Chipotle
Christian Brothers Auto
Christian Brothers Automotive
Church's Chicken
Circle K
Citizens Bank
Concentra Urgent Care
Cracker Barrel
Culvers
CVS
Dairy Queen
Dave & Busters
Davita Dialysis
Del Taco
Denny's
Discount Tire
Dollar General
Dollar Tree
Dunkin'
Dutch Bros
expanding rapidly through franchising and eventually being acquired by Pennzoil
Family Dollar
FedEx
Fifth Third Bank
Firestone
Founded in 1979 in Utah
Fresenius Medical Care
Gerber Collision
Golden Corral
Goodwill
Hardee's
Heartland Dental
Hobby Lobby
Hooters
IHOP
Jack In The Box
Jiffy Lube
Jiffy Lube is a wholly owned subsidiary of Shell USA
Jiffy Lube was created to meet the growing need for fast
KFC
KinderCare
LA Fitness
Little Caesars
Longhorn Steakhouse
Lowe's
Mavis Discount Tire
Mister Car Wash
Murphy Express
Napa Auto Parts
national presence
Northern Tool + Equipment
O'Reilly Auto Parts
Olive Garden
Outback Steakhouse
Panera Bread
Papa Johns
PDQ
Pep Boys
Pet Smart
PNC Bank
Popeyes
Publix
Raising Canes
Red Lobster
Red Robin
Regions Bank
reliable oil change services. The company quickly became a household name
Rite Aid
Royal Farms
Safeway
Sam's Club
Sherwin-Williams
Slims Chicken
Sonic
SQRL
Starbucks
Steak 'n Shake
T-Mobile
Taco Bell
Taco Cabana
Take 5 Car Wash
Take 5 Oil Change
TD Bank
Tesla
Texas Roadhouse
The Home Depot
The Learning Experience
Tire Kingdom
TopGolf
Tractor Supply Company
Truist Bank
UPS
Verizon
Walgreens
Walmart
Wawa
Wells Fargo
Wendy's
Whataburger
which later merged with Shell. Today
Whole Foods
Zaxby's
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