Wells Fargo (GL)

500 Glynn Isle, Brunswick, GA 31525

$2,670,000

Cap Rate 4.31%

Views: 148 DOM: 96 Updated: 11.05.24 Posted: 09.25.24 Status: Active

Summary

Price $2,670,000	Built/Renov 2024	Tenant Wells Fargo (GL)
Cap Rate 4.31%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,276	Lease Start 01-01-2025	#Units 6,968
Price/SF $815.02	Expiration 12-31-2039	Tenant Type Bank/Financial
NOI $115,000	R. Term 15.0	Ownership Ground Lease
Rent/SF $35.10	Increases 10.0%/5/yrs	Pop 5Mi 48,364
Lot/AC 0.89	Options 3/5yrs/10%	AHHI 5Mi $77,977

Lease Highlights

Brand new 2024 construction
New 15-year ground lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Wells Fargo is strategically located in Glynn Isle, with access to 22,000 vehicles passing by daily. The property serves as an outparcel to the Glynn Isles Shopping Center, which is anchored by Target and Lowe’s Home Improvement. Additionally, it is within a mile of Glynn Place Mall, a regional shopping destination featuring national tenants such as Walmart Supercenter, Walmart Neighborhood...

...

Key Features

New construction
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Wells Fargo Wikipedia Wells Fargo Wikipedia Brunswick, Georgia Zip Code 31525 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wells Fargo
Guarantor:Corp T and Rated
Company:Wells Fargo & Company
# Units:6,968
Tenant S&P: BBB+
Moody’s: A1
Stock: NYSE: WFC

About Tenant

Wells Fargo & Company is an American multinational financial services company with operations in 35 countries and over 70 million customers globally. The firm's primary subsidiary is Wells...

...

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

180 Listings
26232 Views
63 Sold

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
24379 Views
59 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT