This page tracks Wells Fargo 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 Wells Fargo 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.
Wells Fargo is investment grade. Wells Fargo Bank, N.A. carries long-term issuer ratings of A+ (Stable outlook) from S&P Global Ratings, Aa2 (Stable outlook) from Moody’s and AA- (Stable outlook) from Fitch Ratings, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026. Ratings change; confirm before relying on any figure here. See the Wells Fargo credit rating and NNN cap rate profile and the investment grade credit tenant ratings table.
11 Wells Fargo NNN properties observed for sale across 8 states as of October 2, 2026. Median asking cap rate 5.58% (range 4.70% to 8.15%). Median asking price $3.90M. Average remaining lease term 9.6 years (among 4 listings that state a term). Median building 4,939 SF. Figures update automatically from listing broker materials.
Wells Fargo NNN Properties For Sale: Latest Listings
Up to twelve of the most recently listed single-tenant Wells Fargo 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.
| Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|
| Cumming, GA | $3,900,000 | 5.00% | n/a | n/a | 1995 | Not stated | Get full property data |
| Fredericksburg, VA | $3,955,000 | 6.90% | $272,855 | n/a | 2006 | Not stated | Get full property data |
| Marana, AZ | $2,050,000 | 6.00% | $122,984 | n/a | 2006 | Not stated | Get full property data |
| Jacksonville, FL | $4,000,000 | 5.00% | $200,000 | n/a | 1962 | Not stated | Get full property data |
| Hendersonville, NC | $2,195,000 | 6.21% | $136,367 | n/a | 2005 | Modified | Get full property data |
| Dothan, AL | $3,010,000 | 5.15% | $155,000 | 14.0 yrs | n/a | Absolute NNN | Get full property data |
| Santa Monica, CA | $8,600,000 | 5.12% | $440,361 | 5.9 yrs | 1956 | NNN | Get full property data |
| Brunswick, GA | $2,445,000 | 4.70% | $115,000 | 13.4 yrs | n/a | Absolute NNN | Get full property data |
Showing the 8 most recently listed of 11 observed listings; listings without a published asking price and cap rate are not shown here.
Search all 11 Wells Fargo 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.
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New Wells Fargo net lease listings matched to your criteria, emailed as they are observed on the market. One email per match, nothing else.
Own a Wells Fargo? Considering selling?
Investment Grade Income Property, LP advises owners nationally through Broker of Record co-listing partnerships in all 50 states. You choose the process: a quiet off-market placement with qualified 1031 buyers already searching this inventory, or a full on-market campaign. Either way it starts with a free valuation benchmark against the live Wells Fargo listings on this page.
Investment Grade Income Property, LP is a licensed commercial real estate brokerage. Your details are used to send the information you requested and are never shared with listing brokers without your permission.
What You Are Actually Buying
Every Wells Fargo branch is company-operated, and the lease is typically signed by Wells Fargo Bank, N.A., the operating bank subsidiary, rather than the holding company Wells Fargo & Company. That is strong credit, and it removes operator risk from the underwriting. It does not remove location risk. Wells Fargo has been reducing its branch count for years, from well over 5,000 to roughly 4,150, and branch leases as a class carry consolidation and early-termination exposure that a retail lease does not. The tenant can pay rent on a dark branch for a decade and still leave you with a single-purpose building at expiration.
The standard branch is 3,500 to 5,000 square feet on half an acre to one acre, with drive-through lanes on most sites and a pad or outparcel position in front of a grocery or power center. Building vintage varies widely because many branches were built by predecessor banks such as Wachovia, First Union and Norwest, so the exterior may not match the current prototype. Newer leases run 15-year primary terms with several five-year options and annual or periodic fixed increases. Older leases are often NN, leaving roof and structure with the landlord, and many listings show short remaining primary term because the lease was signed long ago.
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.
Wells Fargo 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.
| Asking Cap Rate Band | Listings | Share | Avg Asking Price |
|---|---|---|---|
| Under 5.00% | 1 | 9% | $2.45M |
| 5.00% to 5.49% | 4 | 36% | $4.88M |
| 6.00% to 6.49% | 2 | 18% | $2.12M |
| 6.50% to 6.99% | 1 | 9% | $3.96M |
| 7.00% and above | 2 | 18% | $5.21M |
| Asking Price Band | Listings | Share | Avg Cap Rate |
|---|---|---|---|
| Under $1.5M | 1 | 9% | n/a |
| $1.5M to $2.5M | 3 | 27% | 5.64% |
| $2.5M to $3.5M | 1 | 9% | 5.15% |
| $3.5M to $5M | 4 | 36% | 5.98% |
| $5M and above | 2 | 18% | 6.64% |
| Remaining Lease Term | Listings | Avg Cap Rate |
|---|---|---|
| 5 to 10 years | 2 | 6.64% |
| 10 to 15 years | 2 | 4.93% |
| Lease Type (as marketed) | Listings |
|---|---|
| Not stated | 4 |
| Absolute NNN | 3 |
| NNN | 2 |
| Gross | 1 |
| Modified | 1 |
How to read the pricing
The spread inside the Wells Fargo inventory runs from 4.70% to 8.15%, against a median of 5.58%. 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 Wells Fargo NNN Properties Are For Sale
Current inventory spans 8 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.
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| NC | 2 | 6.21% | $1.76M |
| AZ | 2 | 6.51% | $3.49M |
| GA | 2 | 4.85% | $3.17M |
| NM | 1 | 8.15% | $5.50M |
| AL | 1 | 5.15% | $3.01M |
| VA | 1 | 6.90% | $3.96M |
| CA | 1 | 5.12% | $8.60M |
| FL | 1 | 5.00% | $4.00M |
Wells Fargo as a 1031 Exchange Replacement Property
The median asking price in the current Wells Fargo inventory is $3.90M, and about 36% 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.
Wells Fargo NNN Due Diligence Checklist
These are the items that change the value of a Wells Fargo listing and are rarely resolved by the offering memorandum.
- Signatory entity and assignment rights. Confirm the tenant is Wells Fargo Bank, N.A. and not an affiliate or the holding company. Review assignment and subletting language, since a broad clause lets the bank hand the lease to a weaker occupant.
- Go-dark and early termination provisions. Branch leases frequently allow the tenant to close and keep paying, and some include termination options tied to notice and a fee. Model the asset as vacant at the first exercisable date, not at expiration.
- Branch deposits and network overlap. Pull the branch’s deposit history from the public FDIC summary and map other Wells Fargo branches within three miles. Shrinking deposits and a nearby sibling branch are the two clearest predictors of closure.
- Vault, drive-through and reuse cost. Bank buildings carry a vault, teller line and drive-through canopy that most replacement tenants do not want. Price the conversion cost and the likely second user, usually a credit union, urgent care or dental group.
How Investment Grade Works With Wells Fargo 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 Wells Fargo 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 Wells Fargo 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
How many Wells Fargo NNN properties are for sale right now?
As of October 2, 2026, 11 single-tenant Wells Fargo net lease properties are observed for sale across 8 states. The count updates automatically as listings are added and removed.
Is Wells Fargo investment grade?
Wells Fargo Bank, N.A. carries long-term issuer ratings of A+ (Stable outlook) from S&P Global Ratings, Aa2 (Stable outlook) from Moody’s and AA- (Stable outlook) from Fitch Ratings, which places it in investment grade territory (BBB-/Baa3 or higher). Ratings checked September 27, 2026.
What cap rate do Wells Fargo NNN properties sell at?
The current median asking cap rate is 5.58%, with the inventory ranging from 4.70% to 8.15%. Longer term, stronger markets and absolute NNN structures price at the tight end.
How much does a Wells Fargo NNN property cost?
The median asking price in the current inventory is $3.90M, with listings from $1.33M to $8.60M. About 36% fall between 1.5 and 3.5 million dollars.
Who signs the lease on a Wells Fargo property?
Every Wells Fargo branch is company-operated, and the lease is typically signed by Wells Fargo Bank, N.A., the operating bank subsidiary, rather than the holding company Wells Fargo & Company. That is strong credit, and it removes operator risk from the underwriting. It does not remove location risk. Wells Fargo has been reducing its branch count for years, from well over 5,000 to roughly 4,150, and branch leases as a class carry consolidation and early-termination exposure that a retail lease does not. The tenant can pay rent on a dark branch for a decade and still leave you with a single-purpose building at expiration.
Is a Wells Fargo property a good 1031 exchange replacement?
It depends on your equity, your debt replacement requirement and your hold period. The median asking price is $3.90M and roughly 36% of inventory sits in the 1.5 to 3.5 million dollar range that suits a typical exchange. Term, lease structure and certainty of closing matter more than headline cap rate on a 45-day clock.
Working a Wells Fargo acquisition or a 1031 identification deadline? Register on any listing above for full property data and a due diligence review, or email steve@investmentgrade.pro with your price range, target states and closing timeline and we will screen the live inventory for you.
