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Wells Fargo (GL)

1482 West Mason Street, Green Bay, WI 54303

$1,872,727

Cap Rate 5.50%

Views: 489 DOM: 420 Updated: 10.14.24 Posted: 12.13.23 Status: Active

Summary

Price $1,872,727
Built/Renov 1976/2023
Tenant Wells Fargo (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,428
Lease Start 05-01-2023
#Units 6,968
Price/SF $546.30
Expiration 04-03-2038
Tenant Type Bank/Financial
NOI $103,000
R. Term 13.2
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 increases at the start of each option
  • Absolute NNN lease | 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

    • ...

Links

Wells Fargo Wikipedia Wells Fargo Wikipedia Green Bay, Wisconsin Zip Code 54303 Broker Site Page

Documents

Download OM

Maps

  • 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...


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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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