TD Bank NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks TD Bank net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the TD Bank credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

TD Bank NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant TD Bank properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Showing the 5 most recently listed of 7 observed listings; listings without a published asking price and cap rate are not shown here.

Search all 7 Td Bank properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

TD Bank branches are company-operated, and the lease is typically signed by TD Bank, N.A., the US operating subsidiary of Toronto-Dominion Bank. The Canadian parent does not ordinarily guarantee US branch leases, so the credit you hold is the US bank, not the parent. That is still bank credit with no operator risk. The location risk is specific: TD’s roughly 1,050 US branches are concentrated on the East Coast from Maine to Florida, its US retail bank has been operating under a regulatory asset cap, and branch leases carry consolidation and early-termination exposure. Growth constraints tend to show up first as pruned branches.

The TD prototype is 3,000 to 4,500 square feet on 0.75 to 1.5 acres, usually a pad site with drive-through lanes and the distinctive green branding carried over from the Commerce Bank era, when much of the network was built and sold in sale-leasebacks. Initial terms are typically 15 years with multiple five-year options and fixed increases either annually or every five years. Many leases are absolute NNN, but some legacy leases from acquired banks leave roof and structure with the landlord. A large share of the inventory dates to the expansion years, so remaining primary term is often under ten years.

Across the current inventory, roughly 14% of listings with a reported build year were delivered in the last four years, and about 0% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

TD Bank Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the TD Bank inventory runs from 5.00% to 8.00%, against a median of 5.13%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where TD Bank NNN Properties Are For Sale

Current inventory spans 5 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

TD Bank as a 1031 Exchange Replacement Property

The median asking price in the current TD Bank inventory is $5.85M, and about 14% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

• Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
• Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
• Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

TD Bank NNN Due Diligence Checklist

These are the items that change the value of a TD Bank listing and are rarely resolved by the offering memorandum.

• Signatory and absence of parent guaranty. Confirm the tenant is TD Bank, N.A. and read any guaranty language carefully. Do not underwrite the Canadian parent’s balance sheet unless it is actually on the lease, which it rarely is.
• Termination rights under a constrained growth plan. Check for early termination options, rent continuation if the branch goes dark, and notice periods. A bank limited in balance sheet growth trims overlapping branches before it opens new ones.
• Remaining term and option history. Many TD leases were signed during the sale-leaseback wave and are deep into the primary term. Verify which options have been exercised, at what rent, and whether option rent resets to market.
• Branch deposits and acquired-bank overlap. Review public FDIC deposit data for the branch and map nearby TD sites inherited from Commerce, Carolina First and other acquisitions. Overlapping legacy branches are the usual consolidation candidates.

How Investment Grade Works With TD Bank Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a TD Bank acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing TD Bank properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

• TD Bank Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings