Truist Bank Real Estate Opportunities & Market Research
Truist Bank
Lowest Cap Rate
4.70%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.64%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.54%
Average Cap Rate over previous quarter
Overview
In 2019, BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc. (NYSE: STI) announced a merger to become Truist Bank (NYSE: TFC), headquartered in Charlotte, North Carolina. The merger of the two banks created the sixth-largest US bank in both assets and deposits. The combination of the two banks means that Truist serves more than 12 million households across the US. Truist branches are a strong net lease asset to hold, frequently signing NNN leases rather than ground leases. Note: data on property and lease details for Truist might be subject to change, as the merger of the two banks (and their lease types and building prototypes) evolves.
Property & Lease
Sales Price Range$3,000,000 - $3,500,000
NOI Range$175,000 - $200,000
Building SF3,500 - 4,500
Lease Term15 Years
Escalations1.5% - 2% Annual Increases
Stock SymbolNYSE:TFC
Credit Rating
S&PA-
Moody'sBaa1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
7.10
6.32
N/A
N/A
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Roanoke City, VA7.66%
Casselberry, FL5.16%
Melbourne, FL5.23%
Top Consumer Traffic
Front Royal, VA260,000
Carrollton, GA240,200
Miami, FL239,100
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
