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Bank

Wells Fargo (Dallas MSA)

5520 Colleyville Blvd, Colleyville, TX 76034

Listing Price: $2,914,598

Cap Rate
6.85%
Tenant Name
Wells Fargo
Years Remaining On Lease
4.5
Gross SF
4,946
Guarantor
Corporate Guarantee
Rentable SF
4,946
Price/Gross SF
$589.28
Lease Type
Ground Lease
Rent Per Square Feet
$40.37

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Colleyville, Texas. The property consists of a 4,946-square-foot freestanding building that sits on 1.16 acres of land. There are 4.5 years remaining on the current lease term, with 10% rental increases every five years.

Investment Highlights

  • Corporate Ground Lease with 4.5 Years Remaining
  • High Performing Branch - Consumer Deposits are $138,615 as of June 30, 2023
  • Near the Signalized Hard Corner Location on Colleyville Boulevard and Church Street; Combined Traffic Counts Exceed 28,017 Vehicles per Day
  • Affluent Dallas Submarket - Average Household Income is $216,236 Within a One-Mile Radius. (Two Times the National Average.)
  • More than 247,478 Residents Within a Five-Mile Radius
  • Colleyville Is One of the Wealthiest Cities in the Country
  • Larger Employee Base of 290,732 Individuals, Reflecting a 17 Percent Increase Compared to the Residential Population
  • Located Minutes from DFW International Airport, the Second Busiest Airport in the World by Passenger Traffic

Exclusively Listed By

Financing By

Bank

Wells Fargo (Dallas MSA)

Listing Price: $2,914,598

Cap Rate
6.85%
Tenant Name
Wells Fargo
Years Remaining On Lease
4.5
Gross SF
4,946
Guarantor
Corporate Guarantee
Rentable SF
4,946
Price/Gross SF
$589.28
Lease Type
Ground Lease
Rent Per Square Feet
$40.37

Investment Highlights

  • Corporate Ground Lease with 4.5 Years Remaining
  • High Performing Branch - Consumer Deposits are $138,615 as of June 30, 2023
  • Near the Signalized Hard Corner Location on Colleyville Boulevard and Church Street; Combined Traffic Counts Exceed 28,017 Vehicles per Day
  • Affluent Dallas Submarket - Average Household Income is $216,236 Within a One-Mile Radius. (Two Times the National Average.)
  • More than 247,478 Residents Within a Five-Mile Radius
  • Colleyville Is One of the Wealthiest Cities in the Country
  • Larger Employee Base of 290,732 Individuals, Reflecting a 17 Percent Increase Compared to the Residential Population
  • Located Minutes from DFW International Airport, the Second Busiest Airport in the World by Passenger Traffic

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Colleyville, Texas. The property consists of a 4,946-square-foot freestanding building that sits on 1.16 acres of land. There are 4.5 years remaining on the current lease term, with 10% rental increases every five years.

Exclusively Listed By

Financing By

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