Wells Fargo (GL)

1482 West Mason Street, Green Bay, WI 54303

$1,925,000

Cap Rate 5.35%

Views: 217 DOM: 269 Updated: 08.26.24 Posted: 12.13.23 Status: Active

Summary

Price $1,925,000	Built/Renov 1976/2023	Tenant Wells Fargo (GL)
Cap Rate 5.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,428	Lease Start 05-01-2023	#Units 4,000
Price/SF $561.55	Expiration 04-03-2038	Tenant Type Bank/Financial
NOI $103,000	R. Term 13.7	Ownership Ground Lease
Rent/SF $30.05	Increases 10.0%/5/yrs	Pop 5Mi 140,123
Lot/AC 0.60	Options 4/5yrs/10%	AHHI 5Mi $78,987

BJ Feller

Northmarq

Contact

Lease Highlights

Wells Fargo has 13+ years on the current lease term with 4 (5-year) options
Ground lease features 10% rental increase at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: WFC)
Investment grade tenant (S&P: BBB+)

Location Description

Wells Fargo is strategically located along West Mason Street and Military Avenue, with a combined daily traffic count of 33,743 vehicles. The property boasts excellent access and visibility, with multiple entry points from both streets. Situated across from Green Bay Plaza, a prominent regional shopping center hosting well-known national retailers such as Big Lots, TJ Maxx, Ross, and Five...

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Key Features

Signalized intersection
Recent renovation
Hard corner intersection
Dense retail corridor
Strong demographics
Major MSA
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Wells Fargo Wikipedia Wells Fargo Wikipedia Green Bay, Wisconsin Zip Code 54303 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:4,000
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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	14,429	73,317	141,993
2023 Total Population :	14,440	71,252	140,123
2023 Employed Civilian Pop :	7,626	35,822	70,825
2023 Total Businesses :	486	3,266	5,891
2023 Average Household Income :	$ 59,473	$ 71,680	$ 78,987
2023 Total Consumer Spending :	$ 351 M	$ 1964 M	$ 4084 M
2023 Median Age :	41	39	38
2023 Total Households :	6,737	31,383	59,427
2023 Pop Age 25+: Bachelor's Degree :	2,042	9,537	19,972
2023 Average Home Value :	$ 220,663	$ 240,903	$ 254,534

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Mason St	S Fisk St	2018	16,800	0.09 mi
W Mason St	S Fisk St	2018	21,600	0.11 mi
S Fisk St	Capitol Dr	2003	5,300	0.15 mi
W Mason St	Mitchell St	2015	22,500	0.32 mi
S Military Ave	Leo St	2018	17,000	0.38 mi
S Military Ave	6th St	2006	14,900	0.39 mi
S Fisk St	Leo St	2009	4,400	0.43 mi
S Ridge Rd	Shirley St	2009	3,100	0.44 mi
Shawano Ave	N Fisk St	2018	10,400	0.47 mi
S Fisk St	9th St	2009	3,100	0.54 mi

Listing Broker

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