Huntington Bank NNN Property Lease: Pros, Cons, and History

Huntington Bank

Interested in selling your Huntington Bank NNN property or Huntington Bank ground lease property and wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Huntington Bank NNN property for sale or Huntington Bank ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Huntington Bank NNN property or the inclusion of a Huntington Bank ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Huntington Bank properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of 2024–2025, Huntington Bank operates approximately 1,000–1,050 full-service branches and 1,700+ ATMs across 11 U.S. states, primarily in the Midwest and expanding Sun Belt markets.

Core markets include:
Ohio, Michigan, Pennsylvania, Indiana, Illinois, Kentucky, West Virginia, Wisconsin, Minnesota, Colorado, and Florida.

Huntington is one of the largest regional banks in the Midwest, with a growing presence in faster-growth states such as Florida and Colorado.

Revenue and income

Huntington Bank is the principal subsidiary of Huntington Bancshares Incorporated, a publicly traded company (NASDAQ: HBAN), so financials are publicly disclosed.

Key financial highlights (approximate, recent years):

Total assets: ~$190+ billion
Annual revenue: ~$7–8 billion
Net income: Typically ~$2+ billion annually (varies with economic and interest-rate cycles)

Huntington generates revenue from:

Consumer and commercial lending
Net interest income on deposits
Commercial real estate and corporate banking
Auto lending (a major national platform)
Wealth management and investment services
Treasury management, payments, and mortgages

Huntington consistently ranks among the top U.S. regional banks by deposits and consumer banking relationships.

Future plans

Huntington Bank continues to pursue disciplined expansion, customer-focused innovation, and operational efficiency.

1. Branch optimization and modernization

Huntington is modernizing its branch network through:

Renovated, technology-enabled branches
Smaller, advice-focused branch formats
Enhanced self-service and digital teller solutions
Selective consolidation of overlapping locations

Branches are designed to support relationship banking while aligning with digital usage trends.

2. Selective market expansion

Huntington focuses on targeted expansion in:

High-growth Midwest and Southeast markets
Florida metro areas through de novo branches
Strong commercial and small-business corridors

Growth emphasizes markets with favorable population trends and long-term deposit potential.

3. Digital banking and technology investment

Key investments include:

Mobile and online banking enhancements
Real-time payments and digital wallets
Advanced cybersecurity and fraud monitoring
Digital tools for small businesses and consumers

Huntington is recognized for combining digital access with strong in-branch service.

4. Commercial, auto, and consumer banking growth

Huntington continues to expand in:

Commercial and industrial (C&I) lending
Commercial real estate finance
National auto finance platform
Middle-market and corporate banking

Auto lending remains a distinguishing strength and earnings contributor.

5. Community development and ESG initiatives

Huntington places strong emphasis on:

Financial inclusion and affordable housing
Small-business lending and community reinvestment
Sustainability and responsible banking practices
Financial education programs

Corporate vs. franchise

Huntington Bank is not a franchise.

All branches are corporate-owned and operated
Banking operations, pricing, compliance, and branding are centrally managed
No independent franchise operators exist

This centralized structure ensures regulatory compliance, operational consistency, and unified risk management.

Additional information about Huntington Bank properties

Founded: 1866
Headquarters: Columbus, Ohio, USA
Public company: Huntington Bancshares Incorporated (NASDAQ: HBAN)

Typical Huntington Bank branches offer:

Full-service consumer banking
Business and commercial banking
Auto lending services
Mortgage lending
Wealth management and investment advisory
Drive-thru banking and ATMs

Huntington Bank serves millions of consumer and business customers and employs tens of thousands of banking professionals across its operating footprint.

Huntington Bank History

Huntington Bank was founded in 1866 in Columbus, Ohio, as Huntington National Bank. From its early years, the bank focused on relationship-based banking for consumers, small businesses, and commercial clients, establishing a strong presence in the Midwest.

Throughout the 20th and early 21st centuries, Huntington expanded steadily through organic growth and strategic acquisitions. A major turning point occurred in 2021, when Huntington acquired TCF Financial Corporation, significantly increasing its branch network, deposits, and market reach across the Midwest and into select Mountain West states. This merger positioned Huntington among the largest regional banks in the U.S.

Today, Huntington Bank operates approximately 1,000+ branches across more than 10 U.S. states and is the primary subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). Headquartered in Columbus, Ohio, the bank continues to invest in digital banking, branch modernization, consumer-friendly products, and community development, maintaining a strong reputation for customer-focused regional banking.

Why Invest in Ground Lease and NNN Lease of Huntington Bank?

Investing in Huntington Bank ground lease or triple net (NNN) lease properties offers strong advantages due to the bank’s long history, solid credit profile, and essential-service business model. Bank branches continue to be attractive NNN assets because of their stability, predictable income, and prime locations.

1) Huntington Bank NNN Property Investment: Stable Income

Huntington Bank serves millions of consumer and business customers, generating diversified revenue from deposits, consumer and commercial lending, treasury management, and wealth services. This recurring revenue base supports reliable long-term rent payments, making Huntington Bank a stable NNN tenant.

2) Huntington Bank NNN Property Investment: Established Tenant

Founded in 1866, Huntington Bank operates as the principal subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). With 1,000+ branches across more than 10 Midwestern and expanding Sun Belt states, Huntington is a well-capitalized, publicly traded regional bank, offering strong tenant credit and reduced vacancy risk.

3) Huntington Bank NNN Property Investment: Low Management Responsibility

Huntington Bank ground and NNN leases typically require the tenant to cover:

Property taxes
Insurance
Maintenance and repairs

This structure provides passive ownership and minimal landlord responsibilities, appealing to 1031 exchange and long-term income investors.

4) Huntington Bank NNN Property Investment: Favorable Lease Terms

Huntington Bank commonly signs long-term leases (often 10–20 years) with renewal options and periodic rent escalations. These terms help deliver predictable income growth and long-term tenant stability.

5) Huntington Bank NNN Property Investment: Real Estate Value

Huntington Bank branches are typically located on high-visibility corner lots, signalized intersections, and strong commercial corridors, often with drive-thru lanes and ample parking. These attributes help preserve long-term real estate value and support future re-tenanting or redevelopment potential.

Pros and Cons of Huntington Bank Ground Lease and NNN Lease Investment

Pros:

Stable income supported by Huntington Bank’s long operating history and diversified consumer and commercial banking platform.
Creditworthy tenant backed by Huntington Bancshares Incorporated (NASDAQ: HBAN), a publicly traded and well-capitalized regional bank.
Minimal landlord responsibilities under typical NNN and ground lease structures, with Huntington responsible for property taxes, insurance, and maintenance.
Long-term lease agreements, commonly 10–20 years with renewal options and rent escalations, providing predictable cash flow.
Strong real estate locations, often positioned on high-visibility corner sites, signalized intersections, and suburban commercial corridors, frequently with drive-thru facilities.

Cons:

Branch consolidation risk, as digital banking growth may reduce the need for certain physical branch locations over time.
Lease renewal risk if Huntington chooses not to renew a lease due to market optimization or strategic shifts.
Limited landlord control due to standard NNN or ground lease structures and bank-specific operational requirements.
Sensitivity to economic and interest-rate cycles, which can influence banking profitability and expansion plans.
Specialized branch design, which may require reconfiguration costs if the property is re-tenanted for a non-bank use.

As with any NNN investment, it is essential to evaluate site demographics, lease terms, tenant credit strength, local deposit base, and long-term market demand when considering a Huntington Bank property. Working with experienced NNN real estate professionals and financial advisors can help ensure the investment aligns with your goals, risk tolerance, and 1031 exchange strategy.

MarketWatch: Huntington Bank