Wells Fargo (NYSE: WFC) is one of the largest retail banks in the US.
Wells Fargo’s stability and strength are a huge draw for net lease investors. Wells Fargo has strong investment grade credit, rated A- by S&P and Aa2 by Moody’s. The Wells Fargo leases typically do not require any landlord responsibilities, making it a passive investment. Most leases have rental increases built in during the primary term, during option periods, or both to provide a hedge against inflation.
Wells Fargo was found in 1852 by Henry Wells and William Fargo in the Gold Rush port of San Francisco. Today, Wells Fargo has a very large reach across the nation with over 8,300 locations and 13,000 ATMs. Wells Fargo has offices in 42 countries and serves one in three households in the US. Ranking 3rd in assets and in market value, Wells Fargo is a massive bank which offers many services to customers all over the world.