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

This page tracks Truist 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 Truist 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.

Truist NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Truist 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 8 most recently listed of 9 observed listings; listings without a published asking price and cap rate are not shown here.

Search all 9 Truist 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

Truist branches are company-operated, and the tenant of record is Truist Bank, the operating bank subsidiary, rather than the holding company Truist Financial Corporation. Most leases in the market were not written with Truist at all. They were signed by BB&T or SunTrust, the two banks whose merger created Truist, and were assumed by Truist Bank afterward. That is solid bank credit with no operator risk, but branch leases carry consolidation and early-termination exposure, and here it is acute: the merger left overlapping branches across the Southeast and Mid-Atlantic, and Truist has closed several hundred of them while trimming the network to roughly 1,900.

The typical branch is 3,000 to 4,500 square feet on 0.75 to 1.5 acres with drive-through lanes on a pad or corner site. Physical prototypes differ by heritage: legacy SunTrust branches are often larger and older brick buildings, legacy BB&T branches smaller and more recent, and both now carry Truist purple signage over an older shell. Initial terms are typically 15 years with five-year options and periodic fixed increases. Older sale-leasebacks are frequently absolute NNN, while other legacy leases leave roof and structure with the landlord. Because most leases predate the merger, remaining primary term is often short.

Across the current inventory, roughly 0% 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.

Truist 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 Truist inventory runs from 4.25% to 7.50%, against a median of 6.25%. 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 Truist NNN Properties Are For Sale

Current inventory spans 3 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.

Truist as a 1031 Exchange Replacement Property

The median asking price in the current Truist inventory is $2.63M, and about 44% 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.

Truist NNN Due Diligence Checklist

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

• Legacy lease origin and assumption. Identify whether the lease was originally BB&T, SunTrust or another acquired bank and obtain the assignment or estoppel confirming Truist Bank as tenant. Read every amendment, since merger-era changes are common.
• Post-merger overlap and closure risk. Map other Truist branches within two to three miles and pull the branch’s FDIC deposit trend. Closures have concentrated where BB&T and SunTrust footprints overlapped, and that pattern is not finished.
• Go-dark rights and rent continuation. Confirm whether the bank can close the branch and keep paying, whether any early termination option exists, and whether you hold recapture rights. A paying dark branch still has to be re-let at expiration.
• Escalation schedule and option rent. Verify whether increases occur in the primary term or only at options and whether option rent is fixed or resets to market. Short remaining term with market-reset options changes both value and financing.

How Investment Grade Works With Truist 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 Truist 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 Truist 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

• Truist 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