Bank branch NNN investment analysis: Chase, Bank of America, Wells Fargo, PNC cap rates and credit ratings for net lease investors.


21st April 2026 | by the Investment Grade Team
TCF Bank was acquired by Huntington Bancshares in June 2021 — all 478 branches now operate as Huntington Bank. Credit improved to BBB+/A2. Full guide to what this means for NNN investors owning former TCF properties. Q1 2026.

21st April 2026 | by the Investment Grade Team
M&T Bank BBB+/A3 investment grade — S&P outlook upgraded to Stable February 2025. ~1,000 Mid-Atlantic/Northeast branches. Wilmington Trust subsidiary. 4.75–5.75% NNN cap rates. Q1 2026 investor guide.

21st April 2026 | by the Investment Grade Team
Comerica Bank BBB/A2 investment grade — downgraded by S&P (2023) and Moody’s (2025), stable outlooks. ~400 branches concentrated in Texas, California, Michigan. 5.25–6.25% NNN cap rates. Q1 2026.

21st April 2026 | by the Investment Grade Team
Citibank N.A. carries A+/Aa3 high-grade ratings — critical distinction from holding company Citigroup BBB+. ~650 US branches in six gateway metros. 4.25–5.25% NNN cap rates. Branch location analysis essential. Q1 2026.

21st April 2026 | by the Investment Grade Team
BMO Bank N.A. (formerly BMO Harris Bank) carries A+/A1 ratings — high-grade investment grade backed by Bank of Montreal. ~500 US branches in Midwest and Sun Belt. 4.25–5.50% NNN cap rates. Q1 2026 investor guide.

21st April 2026 | by the Investment Grade Team
Parent Company Wells Fargo & Company S&P/Moody’s Rating A+/A1 Sector Banking US Locations 4,400 Cap Rate Range 4.9–5.2% Typical Lease Term 15 years Guarantee Type Corporate Stock Ticker WFC (NYSE) Annual Revenue $82.0B (FY2024) Typical Price Range $1.8M–$4.5M Wells Fargo Business Overview & NNN Investment Profile Wells Fargo operates as a major US bank with…

21st April 2026 | by the Investment Grade Team
Parent Company Bank of America Corporation S&P/Moody’s Rating A+/Aa2 Sector Banking US Locations 3,900 Cap Rate Range 5.0–5.3% Typical Lease Term 15 years Guarantee Type Corporate Stock Ticker BAC (NYSE) Annual Revenue $100.0B (FY2025) Typical Price Range $2.0M–$5.0M Bank of America Business Overview & NNN Investment Profile Bank of America operates as the second-largest US…

21st April 2026 | by the Investment Grade Team
Parent Company JPMorgan Chase & Co. S&P/Moody’s Rating A+/Aa2 Sector Banking US Locations 4,800 Cap Rate Range 5.0–5.3% Typical Lease Term 15 years Guarantee Type Corporate Stock Ticker JPM (NYSE) Annual Revenue $177.0B (FY2025) Typical Price Range $2.0M–$5.0M JPMorgan Chase Business Overview & NNN Investment Profile JPMorgan Chase operates as the largest US bank by…

21st April 2026 | by the Investment Grade Team
S&P Rating A+ Moody’s Rating A1 IG Status Investment Grade (High) US Locations 2,200 Annual Revenue $32.5B Cap Rate Range 4.75% – 5.5% Typical Lease Term 15 years Property Size 3000-4500 SF Lot Size 0.75-1.5 acres Price Range $2.0M – $4.2M Business Overview U.S. Bancorp (US Bank) is one of the largest banks in the…

21st April 2026 | by the Investment Grade Team
S&P Rating BBB Moody’s Rating Baa1 IG Status Investment Grade US Locations 300 Annual Revenue $36.8B Cap Rate Range 4.75% – 5.5% Typical Lease Term 15 years Property Size 3000-4500 SF Lot Size 0.75-1.5 acres Price Range $2.0M – $4.2M Business Overview Capital One Financial Corporation is a major diversified financial services company with operations…
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