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Virtual Drive-By

Wells Fargo Bank Absolute NNN

3051 Montgomery Hwy · Dothan, AL 36303 · Banking / Financial

Asking price
$3,010,000
Cap rate
5.15%
NOI
$155,000

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Lease

Lease typeAbsolute NNN
Term remaining14.0 yrs
Expiration05/2040
Rent bumps10% rental increases every five (5) years
Options3 x 4-year options
Ground leaseYes
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

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Property

Building SF4,539
Price / SF$663
Year built—
Lot size1.13 ac
TypeBank
Days on market45

Need year-one bonus depreciation

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Investment highlights

  • ​Long-term (14 years remaining) corporate-guaranteed absolute NNN ground lease to Wells Fargo, the fourth-largest bank in the United States by total assets (S&P: A+ | Moody's: Aa2).
  • ​10% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
  • ​Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
  • ​Wells Fargo reported a net income of approximately $21.3 billion and diluted earnings per share growth of about 17% in 2025, demonstrating robust profitability.
  • ​Wells Fargo reported Q1 2026 net income of $5.9 billion, a 4% increase year-over-year.
  • ​Loan balances have increased by $10.6 billion year-over-year, reflecting an effective growth strategy.
  • ​3,951-SF building on large 1.10-acre parcel to accommodate for Wells Fargo's operational efficiency.
  • ​Site features a drive-thru component for added customer convenience.
  • ​Highly visible and easily accessible location along Montgomery Highway, allowing for prime site visibility (37,000+ AADT).
  • ​The site's proximity to the intersection of U.S. Route 231 & U.S. Route 84 (combined 67,000+ AADT) allows the property to capture significant local and commuter traffic.
  • ​Property serves as an outparcel to a Publix, The Home Depot, and Hobby Lobby anchored multi-tenant shopping center, allowing for prime crossover retail opportunities.
  • ​Surrounded by a strong mix of local and national retailers that drive the regions economic activity, including Sam's Club, T.J. Maxx, JCPenney, Chili's Bar & Grill, Dillards, McDonald's, Starbucks, and many more.
  • ​Walking distance from Winegrass Commons Mall (approximately 70 stores, 638,000-SF of retail).
  • ​65,320 residents live within five miles of the property, marking a steady increase since 2010.
  • ​High average annual household income of $89,203 within a one-mile radius of the property.
  • ​Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Wells Fargo and Dothan for steady concurrent growth.
  • ​Benefits from proximity 18 miles from Alabama/Florida border, driving significant regional economic activity.

Property overview

Cushman & Wakefield has been retained on an exclusive basis to market this Wells Fargo ground lease property in Dothan, Alabama.​ This is a long-term (14 years remaining) corporate-guaranteed absolute NNN ground lease to Wells Fargo, the fourth-largest bank in the United States by total assets (S&P: A+ | Moody's: Aa2).​

The property features 10% rental increases every five (5) years in the initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.​ The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.​

The 3,951-SF building sits on a large 1.10-acre parcel and features a drive-thru component for added customer convenience.​ The property is highly visible and easily accessible along Montgomery Highway (37,000+ AADT) and serves as an outparcel to a Publix, The Home Depot, and Hobby Lobby anchored multi-tenant shopping center.​ The site is surrounded by a strong mix of local and national retailers and is within walking distance from Wiregrass Commons Mall (approximately 70 stores, 638,000-SF of retail).​

Dothan benefits from a populous and affluent demographic base with 65,320 residents within five miles and high average annual household income of $89,203 within one mile.​ The market is poised for steady growth with projected population and income increases over the next five years.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.