Wells Fargo Ground Lease
For Sale
Contact for pricing
3051 Montgomery Hwy, Dothan, AL 36303
Long-term NNN ground lease with corporate guarantee and rental increases.
Property Size4,539 SF
Lot Size1.10 Acres
Price / SF$663.14
Days on Market111
Property Features for 3051 Montgomery Hwy
General Information
Standard status
Active
Size
4,539 SF
Total Parking Spaces
55
Lot size
1.10 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$155,000
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Vincent Aicale · License #CA 01728696
Source:
Crexi
Added: May 14
Changed: Aug 31
Last Checked: Aug 28 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This Wells Fargo ground lease property in Dothan, Alabama, is available for purchase. The property is under a long-term corporate-guaranteed absolute NNN ground lease to Wells Fargo, the fourth-largest bank in the United States by total assets. The lease has 14 years remaining. The property features 10% rental increases every five years in the initial term and three option periods of five years each. The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot. The 3,951-SF building sits on a 1.10-acre parcel and features a drive-thru. The property is visible and accessible along Montgomery Highway (37,000+ AADT) and serves as an outparcel to a Publix, The Home Depot, and Hobby Lobby anchored multi-tenant shopping center. The site is surrounded by a mix of local and national retailers and is within walking distance from Wiregrass Commons Mall (approximately 70 stores, 638,000-SF of retail). Dothan benefits from a populous and affluent demographic base with 65,320 residents within five miles and high average annual household income of $89,203 within one mile. The market is poised for steady growth with projected population and income increases over the next five years.
Key Highlights
- Long‑term (14 years remaining) absolute NNN ground lease with corporate guarantee from Wells Fargo (S&P: A+ | Moody's: Aa2).
- 10% rental increases every five (5) years in the initial term and three (3) option periods, ensuring consistent income growth.
- Tenant (Wells Fargo) covers all taxes, insurance, and maintenance (including roof, structure, and parking lot), providing a fully passive investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
893k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 26%
Dining 26%
Apparel 20%
Superstores 16%
Sam's Club
Superstores
107,191 visits/mo
0.4 miles
T.J. Maxx
Apparel
64,650 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
56,174 visits/mo
0.1 miles
Chick-fil-A
Dining
47,421 visits/mo
0.4 miles
Publix
Groceries
37,366 visits/mo
0.1 miles
Demographics for 36303, AL
31,080
Population
14,622
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
528
Density / Sq Mi
$53,006
Median Household Income
$34,504
Median Earnings
$855
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Long-term NNN ground lease with corporate guarantee and rental increases.
Where is this bank located?
The property is located at 3051 Montgomery Hwy Dothan, AL.
What is the asking price?
The asking price for this property is $3,010,000.
What are key features of this property?
This property features: Long‑term (14 years remaining) absolute NNN ground lease with corporate guarantee from Wells Fargo (S&P: A+ | Moody's: Aa2).; 10% rental increases every five (5) years in the initial term and three (3) option periods, ensuring consistent income growth.; Tenant (Wells Fargo) covers all taxes, insurance, and maintenance (including roof, structure, and parking lot), providing a fully passive investment.
