Tenant Description
TD Bank is one of the 10 largest banks in the US.
TD Bank, (NYSE: TD) is expanding into major markets across the eastern United States. TD Bank's solid footing and strong investment grade credit rating, S&P AA-, make it a very attractive commodity to passive investors in the NNN investment market. TD Bank is actively growing its network of bank branches and demands highly visible locations in both urban and suburban settings.
The TD Bank ground lease is attractive to investors because they typically have an initial term of 15 to 20 years with up to five (5), five-year renewal options. In addition, the TD Bank ground lease provides rent increases of 10% every five years.
TD Bank is one of the 10 largest commercial banks in the US, with more than 89,000 Employees and deep roots in the community dating back to 1852. TD Bank offers a broad array of retail, small business and commercial banking products and services to more than 25 million customers through its extensive network of more than 2,355 retail locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas, and Florida. In addition to banking products, TD Bank and its subsidiaries provide clients with comprehensive wealth management services through TD Wealth Management, and insurance products and services through TD Insurance, Inc., one of the largest insurance agencies in the Northeast.
TD Bank is a member of TD Bank Financial Group of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker: TD. TD Bank "America's Most Convenient Bank®", has proudly provided unparalleled convenience and customer service for more than 150 years. The company first opened its doors as Portland Savings Bank in Portland, Maine, in 1852, and later grew through a series of mergers and became Peoples Heritage Bank in 1983. In 2000, Peoples Heritage Bank, through several acquisitions, expanded deeper into New England and took the name Banknorth. In 2004, Banknorth caught the eye of TD Bank Financial Group. TD Bank Financial Group soon became Banknorth's majority shareholder and the company became known as TD Banknorth. On March 31, 2008, TD Bank Financial Group acquired Cherry Hill, New Jersey based Commerce Bank with a strong presence in metro New York, Philadelphia, Washington D.C. and South Florida. The acquired entities were rebranded as TD Bank, America's Most Convenient Bank in September 2009, completing the merger of the companies and uniting them under the TD Bank brand name.
