Looking to buy a Wells Fargo NNN property? 7 are observed for sale across 6 states, median asking cap rate 5.15%. View Wells Fargo NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Parent Company | Wells Fargo & Company (rated separately) |
| Rated Entity | Wells Fargo Bank, N.A., long-term issuer ratings (Form 10-Q, June 30, 2026; Wells Fargo investor relations) |
| S&P / Moody’s / Fitch Ratings (Wells Fargo Bank, N.A.) | S&P: A+ / Moody’s: Aa2 / Fitch: AA- |
| Sector | Banking |
| US Locations | 4,079 retail bank branches (as of June 30, 2026, Form 10-Q) |
| Median asking cap rate | See the live table below |
| Typical Lease Term | Varies; confirm in the lease |
| Guarantee Type | Varies; confirm the tenant entity in the lease |
| Stock Ticker | WFC (NYSE) |
| Annual Revenue | $83.7B (2025, Form 10-K) |
Wells Fargo Business Overview & NNN Investment Profile
Wells Fargo operates as a major US bank with 4,079 retail bank branches as of June 30, 2026 (Form 10-Q), serving retail, commercial, and wholesale banking customers. As a diversified financial institution, Wells Fargo combines consumer banking with wealth management, investment banking, and capital markets operations. The company’s branch network represents significant consumer banking infrastructure supporting lending, deposit gathering, and financial services delivery.
From an investment grade NNN real estate perspective, Wells Fargo Bank, N.A. is rated A+/Aa2, and Wells Fargo & Company reported $83.7 billion of revenue for 2025 (Form 10-K). On June 3, 2025, the Federal Reserve announced that Wells Fargo is no longer subject to the asset growth restriction from its 2018 enforcement action.
For investors seeking NNN banking exposure, a Wells Fargo branch property may provide investment grade credit when Wells Fargo Bank, N.A., or another rated Wells Fargo entity, signs or enforceably guarantees the lease; confirm the tenant and any guarantee in the lease. Since June 3, 2025, Wells Fargo has not been subject to the Federal Reserve’s asset growth restriction.
Wells Fargo NNN Lease Structure
Wells Fargo branch lease terms, renewal options and rent increases vary by lease; confirm them in the lease. Building and lot sizes also vary by site; confirm them from the survey and the lease rather than the listing alone.
Expense responsibilities vary by lease, and the tenant may be Wells Fargo Bank, N.A. rather than Wells Fargo & Company, so confirm the tenant entity and any guarantee in the lease.
Wells Fargo NNN Cap Rate & Pricing Trends
Live asking cap rates for Wells Fargo and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| JPMorgan Chase | AA- / Aa2 | 5.00% | 4.65% to 5.25% | 37 | −24 bps |
| Wells Fargo | A+ / Aa2 | 5.15% | 5.06% to 5.83% | 7 | −9 bps |
| Bank of America | A+ / Aa2 | 5.25% | 5.00% to 6.10% | 21 | +1 bps |
| Truist | A / A3 | 6.21% | 5.68% to 6.56% | 4 | +97 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 16, 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.
Asking cap rates vary with remaining lease term, rent level and location; see the live table above.
For comprehensive market analysis and cap rate guidance, consult our investment grade guide.
Wells Fargo Real Estate Footprint
Wells Fargo operated 4,079 retail bank branches as of June 30, 2026 (Form 10-Q); JPMorgan Chase reported 5,135 branches on the same date (Form 10-Q). Review the role of a specific branch in Wells Fargo’s local network before buying.
Wells Fargo Branch Network & Regulatory Change
The Federal Reserve removed Wells Fargo’s asset growth restriction on June 3, 2025. Wells Fargo’s retail bank branches fell from 4,177 at December 31, 2024 to 4,090 at December 31, 2025 (Form 10-K) and numbered 4,079 at June 30, 2026 (Form 10-Q). 2025 revenue was $83.7 billion (Form 10-K); revenue alone does not measure the capital a bank can deploy, which also depends on earnings, regulatory capital and liquidity.
Wells Fargo Investment Pros & Cons
| Pros | Cons |
|---|---|
| Wells Fargo Bank, N.A. rated A+/Aa2 (confirm the lease tenant) | History of regulatory actions, including the 2018 asset growth restriction lifted in 2025 |
| Asset growth restriction lifted June 3, 2025 | Retail branch count fell during 2025 (Form 10-K) |
| 4,079 retail bank branches (June 30, 2026), extensive network | Branch-level demand varies; review the local market |
| Bank-level ratings from S&P, Moody’s and Fitch | |
| $83.7B 2025 revenue (Form 10-K) |
Comparable Wells Fargo NNN Tenants
| Tenant | Ratings on file (see each page for rated entity and rating type) | Sector |
|---|---|---|
| JPMorgan Chase | AA-/Aa2 | Banking |
| Bank of America | A+/Aa2 | Banking |
| Truist (Truist Bank) | A/A3 | Banking |
Frequently Asked Questions: Wells Fargo NNN Investments
What impact did the 2025 asset cap removal have on Wells Fargo?
The Federal Reserve’s June 3, 2025 removal of Wells Fargo’s asset growth restriction lifted a constraint it imposed in February 2018 in response to widespread consumer abuses and compliance breakdowns. The removal does not by itself change any branch lease.
How do Wells Fargo cap rates compare with peer banks?
Current median asking cap rates for Wells Fargo 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.
What typical lease terms characterize Wells Fargo properties?
Primary terms and renewal options vary by lease; confirm them in the lease. Building and lot sizes vary by site, so confirm them from the survey and the lease rather than the listing alone.
How does Wells Fargo compare to other major banking NNN tenants?
Current median asking cap rates for Wells Fargo 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.
Wells Fargo Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Wells Fargo 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
Wells Fargo in a 1031 exchange: benchmark bank-branch credit before chasing yield
For 1031 buyers comparing bank-branch NNN properties, Wells Fargo should be underwritten against the full bank-tenant bench: guarantor credit, branch strategy, remaining lease term, deposit-market strength, real estate reusability, and the cap-rate spread available today.
Use this page with the best investment-grade NNN tenants for a 1031 exchange shortlist and the 2026 NNN cap-rate framework to decide whether bank-branch credit fits your deadline, financing, and income target.
Deadline buyer note: compare Wells Fargo against Chase, Bank of America, TD Bank, US Bank, PNC, and Truist before accepting a few extra basis points from a weaker branch, shorter lease, or less reusable site.
Wells Fargo NNN Properties Observed For Sale
7 active Wells Fargo net lease listings observed across public listing sources, most recently Oct 16, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Dothan, AL | $3,010,000 | 5.15% | 4,539 | 14.0 yrs | View listing |
| Fredericksburg, VA | $3,955,000 | 6.90% | 4,051 | n/a | View listing |
| Marana, AZ | $2,050,000 | 6.00% | 4,692 | n/a | View listing |
| Brunswick, GA | $2,445,000 | 4.70% | 3,276 | 13.4 yrs | View listing |
| Glendora, CA | $3,990,000 | 5.65% | 7,200 | n/a | View listing |
| Santa Monica, CA | $8,600,000 | 5.12% | 4,939 | 5.9 yrs | View listing |
| Jacksonville, FL | $4,000,000 | 5.00% | 13,193 | n/a | View listing |
Search all 7 observed Wells Fargo 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.
