Wells Fargo
Holding company rated BBB+ by S&P; the Fed lifted its asset cap in June 2025, but the branch count has kept falling (~10% since 2022). Closure risk on older or redundant branches is higher than for Chase.
- US units
- 4,139
- YE2025
- 3Y net growth
- −10.0%
- vs. YE2022 (approx.)
- Credit rating
- BBB+
- Investment grade
- Typical term
- 10-20 yr
- Ground lease (absolute)
- Model
- Corporate
- Public
Unit count
Wells Fargo in the news
All news →- WealthManagement.com (incl. former NREI)
Wells Fargo net lease FAQ
What is Wells Fargo's credit rating?
Wells Fargo is rated BBB+, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Wells Fargo locations are there in the US?
Wells Fargo reported about 4,139 US locations as of YE2025. That is −10.0% versus 4,598 in YE2022 (approx.).
What does a typical Wells Fargo net lease look like?
Lease type: Ground lease (absolute). Initial term: 10-20 yr. Rent increases: 10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Wells Fargo corporate or franchised?
Operating model: Corporate. Wells Fargo is part of Wells Fargo & Company. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.