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7-Eleven
Advance Auto Parts
Affordable Dentures
ALDI
Applebee's
Arby's
Ashley Furniture
AutoZone
Bank of America
BankUnited
BB&T Bank
Best Buy
BMO Harris Bank
Bojangles'
Burger King
Captain D's
Chase Bank
Chick-fil-A
Chipotle
Church's Chicken
Circle K
Cracker Barrel
CVS
Dairy Queen
DaVita
Dollar General
Dollar Tree
Dunkin' Donuts
Family Dollar
FedEx
Fred's Super Dollar
Fresenius Medical Care
Hardee's
Hobby Lobby
IHOP
KFC
Kohl's
Mattress Firm
McDonald's
Napa Auto Parts
O'Reilly Auto Parts
Panera Bread
PDQ
Pep Boys Auto
PNC Bank
Red Lobster
Rite Aid
Sheetz
Shell Oil
Sherwin-Williams
Starbucks
Steak 'n Shake
SunTrust
Taco Bell
TD Bank
Tractor Supply Co.
Verizon
Walgreens
Walmart
Wawa
Wegmans
Wendy's
Zaxby's
  BB&T Bank


Average Property & Lease

Average Sale Price$3,208,352
CAP Rate (12mo avg with 10+ lease term)4.87%
NOI$156,483
$/Square Foot$650 - $850
Building Size7,000 +/- sf
Lot Size.5 - 2.0 acres
Lease Term15 Years
Escalations1-2% Annually
CREDIT RATING
A-
S&P
A2
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: February 15, 2017
Net Lease Advisor Overview

BB&T is one of the largest financial services holding companies in the U.S.

Pros

Cons

  • Investment grade tenant
  • Many locations are occupied as fee simple leases, allowing for depreciation versus the preferred ground lease scenario of most other bank brands
  • Generally well located, in both urban and suburban settings
  • Retail banking industry outlook on necessity of physical locations is evolving
Tenant Description

As of September 30, 2016, BB&T is one of the largest financial services holding companies in the U.S. with $222.6 billion in assets and market capitalization of $30.6 billion. Based in Winston-Salem, N.C., the company operates 2,279 financial centers in 15 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services.

A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. BB&T also has been named one of the World's Strongest Banks by Bloomberg Markets Magazine, one of the top three in the U.S. and in the top 15 globally.


BB&T BANK TREND
CAP Rate

2016 avg: 5.57%

2017 avg: 5.35%

RECENT SALES

Atco, NJ | 5.35%

Port Saint Lucie, FL | 4.35%

MORE INFO
www.bbt.com
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