Wells Fargo

Tenant Description

Wells Fargo was founded in 1852 by Henry Wells and William Fargo in the Gold Rush Port of San Francisco. It has offices in 40+ countries, all 50 states, and has more stores and serves more communities than any other U.S Bank. Wells Fargo has over 70 million customers and serves one in every three U.S. households. It has 9,000+ locations, 13,000+ ATMS, and ranks 3rd in assets and market value amongst banks.

What To Look For When Buying A Wells Fargo

What are the total deposits at this location? Many think that physical bank branches are being strongly effected by online banking. You can look up any individual bank branch deposits at the FDIC website

https://www5.fdic.gov/sod/sodInstBranch.asp?barItem=1

What We Like About Wells Fargo

Corp Guarantee, Strong Intrinsic Real Estate

Competition

Chase, Citibank, Bank Of America

Wells Fargo Website

https://www.wellsfargo.com/

Corporate Office Location

420 Montgomery Street – San Francisco, California, US

Fast Facts

It has a retail store or an ATM within two miles of nearly one half of the population of the United States, and has achieved 14 consecutive quarters of earnings growth.

Wells Fargo is the largest auto lender in the country and the largest residential mortgage originator and servicer

Stock Price
Tenant News
Average Cap Rate Trend
5.00%
2019
5.25%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,950,000
Avg. Annual Rental Income$180,000
Avg. Price/ SF$650/SF
Typical Lease TypeGround Lease
Typical Lease Term 20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PA -
Moody'sAa2

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