Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net-Leased Wells Fargo Bank branch located at 3608 W. Gate City Boulevard in Greensboro, North Carolina, positioned in a high-traffic retail corridor which services a robust consumer base within the immediate trade area. This offering features a 3,400-square-foot free standing building equipped with five drive-thru lanes, and is situated on a spacious 1.33-acre parcel. Strategically positioned at the hard-corner signalized intersection of W. Gate City Blvd and S. Holden Road, this property enjoys exceptional visibility to more than 25,000 vehicles per day traveling along this major thoroughfare. The immediate trade area boasts a diverse mix of high-profile national and regional retailers, including McDonald’s, Walmart Neighborhood Market, Zaxby’s, Total Wine & More, Ashley Outlet, Wendy’s, Discount Tire, Chick-fil-A, Popeye’s, and Aldi. Additionally, the property is in close proximity to the Four Seasons Town Centre, a three-story Brookfield-owned mall featuring major national retailers, as well as several key highway systems, enhancing accessibility and consumer traffic. Wells Fargo originally executed an absolute NNN lease in 2003 and recently exercised a lease extension, which now runs through August 31, 2030, with two additional five-year renewal options. This location has consistently experienced year-over-year deposit growth and recently absorbed deposits from a nearby branch closure, further strengthening its deposit base and solidifying its position within the market. This consolidation underscores Wells Fargo’s long-term commitment to the location and its strategic importance within the area. Wells Fargo & Company (NYSE: WFC) is a diversified, community based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations.