Wells Fargo - New 15 Yr. Lease

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire a NNN ground leased Wells Fargo Bank in Brunswick, GA. Wells Fargo (NYSE: WFC) has an investment grade credit rating, operates over 6,900 branches nationwide and has over $1.4 trillion in annual deposits. With a new 15-year lease term, three 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities this asset is ideal for an investor seeking years of inflation resistant cash flows. The new construction 3,276 SF standalone building with drive-up ATM on 0.89 acres is an outparcel to Glynn Isles Shopping center (anchored by Target & Lowe’s Home Improvement) and is positioned on Altama Avenue which sees over 21,300 VPD. Additionally, the subject property is within a mile of Glynn Place Mall, a 502,000 SF regional mall. Other nearby retailers include Walmart Supercenter, Walmart Neighborhood Market, The Home Depot, Publix, McDonald’s, Starbucks, Chick-fil-A, Wendy’s, Walgreens and more.