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Bank

Wells Fargo | 3+ Years Remain | Washington, D.C. MSA | $106M in Deposits

12711 Marblestone Dr, Woodbridge, VA 22192

Listing Price: $2,883,833

Cap Rate
6.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
4,043
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.80

Investment Overview

The lease is guaranteed by Wells Fargo Bank, N.A., one of the highest-rated retail tenants in the net lease market. Wells Fargo, N.A. holds an investment-grade credit rating of “A+” by Standard & Poor’s and “Aa2” by Moody’s. Wells Fargo is publicly traded on the New York Stock Exchange (NYSE: WFC). Wells Fargo has been at this location since 2005 and has more than three years remaining on an absolute NNN ground lease with two, five-year renewal options. The lease features 10% rental increases at the start of each option, providing attractive revenue growth and a hedge against inflation.

Investment Highlights

  • "A+" Investment-Grade Credit
  • $106 Million in Deposits - 38 Percent Year-over-Year Increase
  • Exceptional Market Demographics

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Hill Kanellos

    Associate

    (202) 536-3759

    Email Hill

    License(s): MD: 663020

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Bank

Wells Fargo | 3+ Years Remain | Washington, D.C. MSA | $106M in Deposits

Listing Price: $2,883,833

Cap Rate
6.00%
Tenant Name
Wells Fargo
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
4,043
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.80

Investment Highlights

  • "A+" Investment-Grade Credit
  • $106 Million in Deposits - 38 Percent Year-over-Year Increase
  • Exceptional Market Demographics

Investment Overview

The lease is guaranteed by Wells Fargo Bank, N.A., one of the highest-rated retail tenants in the net lease market. Wells Fargo, N.A. holds an investment-grade credit rating of “A+” by Standard & Poor’s and “Aa2” by Moody’s. Wells Fargo is publicly traded on the New York Stock Exchange (NYSE: WFC). Wells Fargo has been at this location since 2005 and has more than three years remaining on an absolute NNN ground lease with two, five-year renewal options. The lease features 10% rental increases at the start of each option, providing attractive revenue growth and a hedge against inflation.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • Hill Kanellos

    Associate

    (202) 536-3759

    Email Hill

    License(s): MD: 663020

    Washington, D.C.

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

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