Wells Fargo

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services.

The company’s Wealth and Investment Management segment offers financial planning, private banking, credit, and investment management and fiduciary services, as well as retirement and trust services. It serves clients through approximately 8,600 locations and 13,000 ATMs; online and mobile banking; and offices in 42 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

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S&P Rating: A

S&P Outlook: Negative

Moody Rating: A2

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 20 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

Facing a fairly saturated banking market, Wells Fargo’s major growth strategy is to increase the number of products their customer use, becoming a one-stop-financial-shop for all customer needs. In 2016, the bank launched the FastFlex Small Business Loan and introduced plans to offer a 3%-down mortgage product for residential borrowers. At the end of fourth quarter in 2016, Wells Fargo ranked third in assets among U.S. banks at $1.8 trillion.

Wells Fargo is present in all 50 US states, plus the District of Columbia. Internationally, the company is present in over 40 countries, including Argentina, Australia, China, India, Japan, South Africa, the UK, UAE, and Vietnam.

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
  • Strong brand recognition
  • Typically Long term leases with increases


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

Market Snapshots:

On Market Ranges:

# of Properties in set: 15

Price: $1,675,660 - $2,154,420Average: $1,841,381

PPSF: $330 - $420Average: $382

Year Built: 1949 - 2009Average: 1977

CAP Rate Range: 5.66% - 6.51%Average: 6.08%

Size range: 3,252 sq ft - 41,048 sq ft Average: 7,848 sq ft

Last 12 Month Range:

# of Properties in set: 24

Price: $1,639,770 - $2,058,830Average: $1,821,970

PPSF: $467 - $548Average: $508

Year Built: 1961 - 2009Average: 1991

CAP Rate Range: 5.06% - 6.65%Average: 5.69%

Size range: 300 sq ft - 15,082 sq ft Average: 5,127 sq ft

Wells Fargo Company Profile

Headquarters Information

New York City, New York

Founded in 1852

Company type: Public

Stock Ticker: WFC

Sector: Financial

Industry: Money Center Banks

# of Employees: 268,000

S&P Rating: A

S&P Outlook: Negative

S&P Rating: A2

Moody Outlook: Stable

Wells Fargo Stock Keys

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