SunTrust Bank

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; and professional investment management and trust services, as well as family office solutions.

The Wholesale Banking segment offers corporate and investment banking solutions, including advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services, auto dealer financing, and corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, such as operating various electronic and paper payment types, which comprise card, wire transfer, automated clearing house, check, and cash; and offers services clients to manage their accounts online.

The Mortgage Banking segment offers residential mortgage products in the secondary market. The company provides its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2016, it operated 1,367 full-service banking offices located in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

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S&P Rating: BBB+

S&P Outlook: Stable

Moody Rating: Baa1

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Tenant Overview

SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$199 billion in assets as of March 31, 2018. SunTrust Bank’s most direct corporate parent was established in 1891 in Atlanta, where its headquarters remain.

As with other strong banking tenants, these investments remain very safe and stable. The continuing pressures from online banking however do pose some uncertanty in the long term. Speciall consideration must be given to the number and total value of maintained accounts within the indivual branch.


  • Public Company, Credit Rated
  • Typically Long term leases with increases


  • Long term effects and pressures of online banking remain to be seen
  • Typically low cap rate

Market Snapshots:

On Market Ranges:

# of Properties in set: 9

Price: $3,599,170 - $4,592,040Average: $4,136,973

PPSF: $770 - $960Average: $898

Year Built: 1944 - 2017Average: 1988

CAP Rate Range: 5.72% - 6.73%Average: 6.29%

Size range: 2,600 sq ft - 142,797 sq ft Average: 19,437 sq ft

Last 12 Month Range:

# of Properties in set: 11

Price: $1,531,910 - $2,159,430Average: $1,845,669

PPSF: $482 - $593Average: $507

Year Built: 1978 - 2009Average: 1994

CAP Rate Range: 6.10% - 7.85%Average: 7.01%

Size range: 2,200 sq ft - 6,375 sq ft Average: 3,970 sq ft

SunTrust Bank Company Profile

Headquarters Information

Atlanta, Georgia

Founded in 1891

Company type: Public

Stock Ticker: STI

Sector: Financial

Industry: Money Center Banks

# of Employees: 24,375

S&P Rating: BBB+

S&P Outlook: Stable

S&P Rating: Baa1

Moody Outlook: Stable

SunTrust Bank Stock Keys

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