– BB&T Bank has an investment grade credit rating of A-/Stable with over $128.56bb in deposits across 1,823 branches. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) currently has a market cap of $2.52B.
- The tenants have each had operations here for over 20 years and BB&T recently exercised their first renewal option evidencing their commitment to this location.
- The leases are absolute NNN ground leases with no landlord responsibilities whatsoever.
– As of June 30, 2014, BB&T reported over $42.6M in deposits at this location.