Looking to buy a Truist NNN property? 5 are observed for sale across 2 states, median asking cap rate 6.25%. View Truist NNN properties for sale, cap rate bands and the 1031 buyer guide.
| S&P Rating | A |
| Moody’s Rating | A3 |
| Rated Entity | Truist Bank, the bank subsidiary of Truist Financial Corporation; long-term issuer ratings (Form 10-Q, June 30, 2026). Confirm the tenant named in each lease. |
| IG Status | Investment Grade |
| US Locations | 1,927 branches (June 30, 2026) |
| Annual Revenue | $20.3B total revenue (2025) |
| Median asking cap rate | See the live table below |
| Typical Lease Term | Varies by lease; confirm in the lease |
| Property Size | Varies; median 4,116 SF on the 5 Truist listings we track |
| Lot Size | Varies by site; confirm from the survey |
Business Overview
Truist Financial Corporation is a bank holding company, and Truist Bank is its bank subsidiary; Truist’s retail branches are primarily concentrated in the Southeastern and Mid-Atlantic United States (Form 10-K). Truist Bank had 1,927 domestic branches as of June 30, 2026 (Federal Reserve data), and Truist Financial Corporation reported $20.3 billion of total revenue for 2025 (Form 10-K). Truist provides commercial, consumer, and wealth management services to institutional and individual customers.
Truist Bank’s long-term issuer ratings are investment grade. Those ratings describe the bank, not a particular lease: confirm which entity signs or guarantees each lease, and weigh the rent, term and real estate alongside the credit.
For investors evaluating NNN properties, understanding tenant creditworthiness and operational performance is essential. Our comprehensive NNN investing guide covers lease structures, tenant evaluation, and portfolio construction strategies for maximizing risk-adjusted returns.
Credit Rating
Truist Bank long-term issuer ratings (Truist Financial Corporation’s bank subsidiary):
Source: S&P Global Ratings A, as of June 30, 2026; Moody’s A3, as of June 30, 2026; Fitch Ratings A, as of June 30, 2026. Ratings checked September 27, 2026.
- S&P Rating: A
- Moody’s Rating: A3
- Assessment: Investment-grade bank credit; confirm mandate eligibility and the lease obligor
The A/A3 ratings shown are Truist Bank’s long-term issuer ratings (Form 10-Q, June 30, 2026, Table 23). Truist Financial Corporation, the holding company, is rated separately, and its issuer ratings are the same as or lower than the bank’s at each agency. Neither set of ratings shows which entity signs a given branch lease; confirm the tenant and any guarantor in each lease.
Financial Performance & Operational Metrics
Truist’s 2025 revenue and branch count, shown above, indicate scale. Scale alone does not establish the quality of a particular branch lease.
For IG bank tenants like Truist, understanding regulatory capital ratios, asset quality, deposit stability, and management quality supports credit assessment. Investors should review regulatory filings, quarterly earnings reports, and management commentary as part of due diligence. Our investment grade guide outlines key metrics for assessing tenant credit quality.
NNN Property Details & Economics
Truist NNN properties vary. On the 5 Truist listings InvestmentGrade.com currently tracks:
- Property Size: a median building size of 4,116 SF
- Lot Size: varies by site
- Lease Term: varies; as of October 8, 2026, the listings that state when the lease ends show dates from December 2027 to April 2033, so confirm the commencement date, expiration and renewal options in each lease
Rent escalations and renewal prospects vary by lease; as of October 8, 2026, the Truist listings InvestmentGrade.com tracks that state escalations show 1.5% annual increases or 10% every five years, so confirm them in each lease.
Lease Structure & Tenant Obligations
A triple-net (NNN) lease generally allocates operating expenses, property taxes and insurance to the tenant, and Truist sites can be ground leases. Which repairs, replacements and other occupancy costs the tenant pays varies by lease. Investors should review specific lease agreements to understand:
- Rent escalation clauses and frequency
- Property maintenance and repair obligations
- Property tax payment responsibility
- Insurance coverage requirements
- Lease renewal options and terms
- Default and remedies provisions
Lease terms vary by property, so review each lease.
Geographic & Market Considerations
Truist operates banking centers across the Southeast and Mid-Atlantic, with the largest shares of its deposits in Florida, Georgia, Virginia, North Carolina and Maryland (FDIC data as of June 30, 2025). Property locations should be evaluated based on:
- Market demographics – population density, income levels, business activity
- Banking competition – proximity to other banks and financial institutions
- Economic trends – regional business activity, employment stability, population trends
- Strategic positioning – visibility, accessibility, retail/commercial area strength
Tenant credit does not replace a review of each branch’s local market.
Investment Grade Credit Rating Standards
Investment-grade status requires S&P ratings of BBB- or higher, or Moody’s ratings of Baa3 or higher. Truist Bank’s A/A3 ratings are above these thresholds. When an investment-grade entity signs or guarantees the lease, a property may see:
- Potentially broader buyer interest, depending on the property and lease
- Resale prospects that still depend on the property, the lease and the market at the time of sale
- Financing options, though loan availability and pricing depend on the lender, property, lease and market conditions
- Possible eligibility for investment-grade-focused mandates, subject to each mandate’s rules and the actual lease obligor or guarantor
None of these outcomes is assured; confirm the tenant and any guarantor in each lease and review the property itself.
Risk Assessment & Due Diligence
IG bank tenants warrant appropriate due diligence. Key areas to investigate include:
- Regulatory standing – capital ratios, stress test results, regulatory ratings
- Asset quality – loan loss provisions, non-performing assets, credit metrics
- Deposit trends – customer deposit growth, deposit mix stability
- Net interest margin – NIM trends, rate environment sensitivity
- Management quality – leadership track record, strategic direction
- Lease quality – property condition, market position, lease enforceability
- Environmental & legal – Phase I ESA, title insurance, encumbrances
Investment grade status does not replace property-level due diligence.
Comparison to Investment-Grade Alternatives
Bank ratings are comparable only when they cover the same kind of entity and the same rating type. The ratings on this page are Truist Bank’s long-term issuer ratings (Form 10-Q, June 30, 2026). Other bank pages show different entities and rating types: PNC Bank (PNC Bank, N.A.; S&P issuer and Moody’s senior debt ratings), TD Bank (parent bank; S&P issuer credit rating and Moody’s long-term deposits and counterparty risk rating), US Bank (U.S. Bancorp holding-company issuer ratings) and Capital One (rated entity and rating type on its page). Check the rated entity, rating type and date on each page before comparing.
Our tenant rating directory lists the ratings on file for the NNN tenants we cover.
Truist NNN Cap Rates
Live asking cap rates for Truist and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| TD Bank | A+ / Aa1 | 5.00% | 5.00% to 5.25% | 5 | −24 bps |
| PNC Bank | A / A2 | 5.08% | 4.75% to 6.06% | 20 | −17 bps |
| U.S. Bank | A / A3 | 5.50% | 5.13% to 5.84% | 7 | +26 bps |
| Truist | A / A3 | 6.25% | 6.16% to 7.00% | 5 | +101 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Capital One.
Frequently Asked Questions
Is Truist investment-grade?
Yes. Truist Bank, Truist’s banking subsidiary, carries S&P A and Moody’s A3 long-term issuer ratings, both above the investment grade minimums of BBB- and Baa3. Its holding company, Truist Financial Corporation, is also rated investment grade (Form 10-Q, June 30, 2026). Confirm the tenant entity named in each lease.
What cap rates do Truist NNN properties offer?
Current median asking cap rates for Truist and comparable tenants are shown in the live table on this page. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
How many Truist locations exist?
Truist Bank had 1,927 branches as of June 30, 2026, primarily in the Southeast and Mid-Atlantic United States.
What is the typical lease term for Truist NNN properties?
Lease terms vary. As of October 8, 2026, the Truist listings InvestmentGrade.com tracks that state when the lease ends show dates from December 2027 to April 2033. Verify the commencement date, expiration and renewal options in each lease.
What due diligence should I conduct on Truist properties?
Review Truist’s regulatory filings and capital ratios, verify lease terms, commission Phase I environmental assessments, analyze property condition and market position, and evaluate Southeast regional banking trends.
Contact & Resources
For questions about Truist NNN properties or investment-grade tenant evaluation, contact our team. We also provide resources on 1031 exchange planning and portfolio construction strategies.
Truist Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Truist properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
1031 bank-branch benchmark: compare credit first, then cap rate
For a 1031 buyer comparing bank-branch NNN properties, the first screen is not the highest advertised yield. Start with the tenant entity and any guarantor named in the lease, their agency ratings, deposit-market exposure, remaining lease term, branch real estate quality, and whether the cap-rate spread is enough compensation for the credit and location risk.
Use this page alongside the best investment-grade NNN tenants for a 1031 exchange shortlist and the 2026 NNN cap-rate framework to compare bank credit against QSR, pharmacy, convenience, industrial, and medical tenants.
Deadline buyer note: if your 45-day identification window is open, compare bank branches by credit tier, lease control, real estate reusability, and financing certainty before chasing a few extra basis points of cap rate.
Truist NNN Properties Observed For Sale
5 active Truist net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Baxley, GA | $2,369,685 | 7.00% | 8,628 | 1.7 yrs | View listing |
| Macon, GA | $1,499,773 | 6.25% | 3,747 | 2.4 yrs | View listing |
| Coconut Creek, FL | $4,880,333 | 7.50% | 4,116 | 2.4 yrs | View listing |
| Belleview, FL | $1,600,000 | 6.16% | 7,925 | n/a | View listing |
| Jacksonville, FL | $3,016,000 | 4.25% | 3,450 | n/a | View listing |
Search all 5 observed Truist listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
