Truist Bank

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

Number of locations

As of December 31, 2023, Truist Bank operates 2,781 branches across 15 states and Washington, D.C., offering various financial services to individuals and businesses.

Revenue and income

In 2023, Truist Bank reported total revenue of $50.6 billion. Net income for the year was $6.1 billion.

Future plans

Truist Bank is committed to expanding its digital banking capabilities and improving its customer experience. They plan to invest in additional technology and branch upgrades to achieve this goal. The company also aims to grow its commercial and wealth management businesses.

Corporate vs. franchise

Unlike 7-Eleven, Truist Bank operates solely as a corporate entity. They do not offer franchise opportunities for their banking services.

Additional information Truist Bank Properties

In December 2019, Truist Bank was formed by merging BB&T and SunTrust Banks.
The company is headquartered in Charlotte, North Carolina.
Truist Bank is considered a top 10 commercial bank in the United States based on asset size.
They offers variety of financial products & services, including checking and savings accounts, loans, credit cards, insurance, and wealth management solutions.
Truist Bank is a publicly traded company on New York Stock Exchange (NYSE) under symbol TFC.

Truist Bank History

Truist Bank traces its roots back to the merger of equals between BB&T Corporation and SunTrust Banks, Inc., which officially formed Truist on December 6, 2019. The merger created one of largest financial institutions in United States, combining the strengths and legacies of both institutions. BB&T, founded in 1872 as Branch and Hadley, and SunTrust, established in 1891 as Trust Company of Georgia, brought together a rich history of serving communities and clients nationwide. The merger marked a significant milestone in the financial industry, establishing Truist as a powerhouse in banking and financial services.

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

Investing in Truist Bank’s ground lease and triple net (NNN) lease properties offers compelling reasons:

1) Truist Bank NNN Property Investment: Stable income

With a well-established brand and a strong market presence, Truist Bank provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.

2) Truist Bank NNN Property Investment: Established tenant

Truist’s success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.

3) Truist Bank NNN Property Investment: Low management responsibility

In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Truist Bank NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations provide predictable income and potential rental growth.

5) Truist Bank NNN Property Investment: Real estate value

Truist’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.

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

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Truist Bank’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.