A fast-growing regional bank on passive NNN ground leases, and how its mergers affect branch risk, from a NNN buyer’s broker with 225+ transactions.
A Huntington Bank NNN property is a freestanding bank branch, often with a drive-thru, frequently on an absolute NNN ground lease: you own the land, the bank owns the building, and landlord duties are minimal. The tenant is usually The Huntington National Bank, owned by Huntington Bancshares (Nasdaq: HBAN) of Columbus, Ohio. Fitch affirmed Huntington at A- with a stable outlook in September 2026.
Huntington has grown quickly. It completed its merger with Veritex in October 2025 and with Cadence Bank in February 2026, reaching about 1,400 branches in 21 states and roughly $279 billion in assets. Mergers can lead to branch consolidation where locations overlap, so the branch’s deposits and remaining term matter on any Huntington 1031 exchange. Solid Investments FL has represented a buyer on a Huntington Bank ground lease in Streetsboro, Ohio. See it in our track record. Our buyer representation is always free to you.
| Tenant | Usually The Huntington National Bank; confirm the tenant entity on each lease |
|---|---|
| Parent company | Huntington Bancshares Inc. (Nasdaq: HBAN) |
| Headquarters | Columbus, Ohio |
| Credit rating | Fitch A-, stable outlook (affirmed September 2026) |
| Branches | About 1,400 in 21 states after the Cadence merger |
| Recent mergers | Veritex (completed October 2025) and Cadence Bank (completed February 2026) |
| Lease type | Often absolute NNN ground leases; building leases also trade |
| Rent increases | Varies by lease; for example, about 10% per option period on a recent Ohio listing |
| Typical cap rate (2026) | About 4.75%–6.5%, depending on remaining term, deposits and location |
| Typical price range | About $1M–$4.5M |
Credit ratings and branch counts from Huntington and Fitch reports as of 2026. Cap rates and pricing reflect current market conditions and vary by deal.
Huntington Bancshares and The Huntington National Bank are rated separately. Confirm the tenant entity on the lease; older leases may name a bank Huntington acquired, as its successor.
After the Veritex and Cadence mergers, look for other Huntington branches nearby. Overlapping branches are the most likely to be consolidated.
A branch’s deposit base (reported publicly by the FDIC) is the best indicator of how important that location is to the bank.
Many bank leases are older, with shorter remaining terms. Check the expiration date, the number of options left and any early termination rights.
Check how and when rent grows. Some leases bump only at option periods, so know the next increase date.
With a ground lease, you own the land under a bank branch, usually on a hard corner or busy outparcel. If the bank ever leaves, well-located land is valuable to other users.
We’ve represented a buyer on a Huntington Bank ground lease in Streetsboro, Ohio:
Banks
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, with 225+ NNN transactions, including a Huntington Bank ground lease in Streetsboro, Ohio. We help investors and 1031 exchange buyers find, underwrite and close bank ground leases nationwide, and our buyer representation is free.
As of 2026, Huntington Bank NNN properties generally trade around 4.75% to 6.5% cap rates, depending on remaining lease term, rent increases, branch deposits and location.
The main, and really the only, drawback of a ground lease is that you can't depreciate the building, since you own only the land and land isn't depreciable. For investors who need depreciation to shelter income, a fee-simple property may be a better fit.
The tenant paid to build the branch, so it has a strong vested interest in staying. Ground rents are typically at or below market, which gives you upside if the site is ever re-leased. And in most ground leases the building reverts to the landowner when the tenant vacates or the lease ends (every lease is different, so verify it in yours). That's why ground leases are viewed as safer investments and trade at lower cap rates.
Fitch affirmed Huntington Bancshares and The Huntington National Bank at A- with a stable outlook in September 2026. Confirm the tenant entity on each lease, since the parent and the bank are rated separately.
Huntington completed its merger with Veritex in October 2025 and with Cadence Bank in February 2026, growing to about 1,400 branches in 21 states and roughly $279 billion in assets. For investors, the key question is whether a branch overlaps with another nearby Huntington branch.
Check the tenant entity, the branch's deposits, nearby Huntington branches, the remaining term and options, any early termination rights, and the rent increase schedule. Then look at the land itself: corner location, access and traffic.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ll help you check the branch, the lease and the merger overlap. Tell us your budget and timeline; our buyer representation is completely free.
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