Net Lease Industry

Lowest
Cap Rate

4.65%

Lowest cap rate over past 24 months

Average
Cap Rate

5.85%

12 mo avg with 5+ yr lease term


Overview

Wells Fargo properties are often structured as triple net (NNN) or ground leases, making them highly desirable for investors seeking long-term, passive income backed by investment-grade credit.

Wells Fargo leases are typically corporate-guaranteed by Wells Fargo Bank, N.A., offering exceptional creditworthiness and low vacancy risk.

Average Property & Lease
Average Sale Price $2,500,000 - $6,000,000
Average NOI $160,000 - $330,000
Building SF 3,000
Lease Term 15 Years
Escalations 10% Every 5 Years
Stock Symbol NYSE: WFC
CREDIT RATING
S&P

A-

Moody's

A1

TENANT DESCRIPTION

Wells Fargo is one of the “Big Four” U.S. banks, with a legacy spanning over 170 years. It has a large national presence with a diversified mix of retail banking, commercial banking, wealth management, and mortgage operations.

PROS
  • Investment-Grade Credit: Among the most trusted tenants in the NNN space

  • Strong Locations: Often on prime corners, downtown or suburban hubs

  • Long-Term Stability: High renewal rate and low relocation frequency

  • Passive Income: True NNN or ground leases with zero management

  • Essential Services: Despite digital banking, physical branches remain valuable for many customer segments

CONS
  • Slow Rent Growth: Ground leases may have flat or CPI-only escalations

  • Bank Branch Reduction Trend: Digital banking is shrinking some regional footprints

  • Larger Lot Requirements: May limit reuse compared to smaller retail pads

COMPANY QUICK STATS
Founded 1852
Headquarters San Fransisco, California
Number of Locations 4,500
Revenue $82.6 B
Company Website https://www.wellsfargo.com
Key Principal Charles W. Scharf