High-grade bank credit on long-term ground leases along the East Coast, from a buyer’s broker who has closed TD Bank deals in Florida and Pennsylvania.
A TD Bank NNN property is typically a ground lease under a freestanding branch with a drive-thru, usually on a busy retail corridor. You own the land, TD builds and owns the branch, and TD pays all taxes, insurance and maintenance. New leases typically run 20 years with 10% rent increases every five years. The tenant is usually TD Bank, N.A., the U.S. bank of Canada’s Toronto-Dominion Bank, with about 1,100 branches from Maine to Florida. TD Bank, N.A. is rated Aa3 by Moody’s and A+ by S&P for long-term deposits, still strong investment-grade credit even after the downgrades that followed its 2024 anti-money-laundering settlement. That combination of high-grade credit and land-only ownership makes TD ground leases a favorite of safety-focused 1031 exchange buyers.
Solid Investments FL has represented buyers on TD Bank transactions, including a $9.35 million TD Bank in Miami, Florida and a TD Bank in West Chester, Pennsylvania. See them in our track record. Our buyer representation is always free to you.
| Tenant | TD Bank, N.A.; confirm the tenant entity on each lease |
|---|---|
| Parent company | The Toronto-Dominion Bank (NYSE/TSX: TD), Toronto, Canada |
| Credit rating | TD Bank, N.A. long-term deposits: Moody’s Aa3 / S&P A+ / Fitch AA+, all stable (July 2026) |
| Regulatory note | Pleaded guilty in October 2024 to anti-money-laundering failures, paid about $3 billion and accepted a cap on U.S. asset growth |
| Branches | About 1,100 U.S. branches, mostly along the East Coast from Maine to Florida |
| Typical lease term | 20 years on new ground leases |
| Lease type | Ground lease; TD builds and owns the branch |
| Rent increases | Typically 10% every 5 years |
| Typical cap rate (2026) | About 4.5%–5.25% for new 20-year ground leases |
| Typical price range | About $3M–$9M |
Credit ratings per TD investor relations as of July 31, 2026. Cap rates and pricing reflect current market conditions and vary by deal.
TD was downgraded in 2024 after its anti-money-laundering settlement, so older marketing materials may quote ratings that are out of date. Today TD Bank, N.A. is rated Aa3 by Moody’s and A+ by S&P for long-term deposits, still strong investment grade.
As part of its 2024 settlement, TD accepted a cap on the growth of its U.S. bank and has been restructuring its U.S. business. That doesn’t change who pays your rent, but it makes branch-level performance more important at renewal.
The FDIC publishes deposits for every bank branch each year. A branch with strong, growing deposits is far more likely to renew. A buyer’s broker can pull this data for you before you make an offer.
You own the land and TD owns the branch, with zero landlord responsibilities. A well-located pad site is your long-term protection, since it appeals to restaurants, retailers and other banks.
New TD ground leases run about 20 years with multiple 5-year options. The more firm term remaining, the more the deal is worth; an older lease near expiration depends on whether TD renews that branch.
TD ground leases trade at low cap rates, about 4.5% to 5.25% for new 20-year leases, with larger price tags than most bank pads. Most buyers are all-cash 1031 investors seeking safety.
We’ve represented buyers on TD Bank properties in Florida and Pennsylvania:
Banks
Banks
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, that has represented buyers on TD Bank transactions in Florida and Pennsylvania, including a $9.35 million TD Bank in Miami. We help investors and 1031 exchange buyers find and close TD Bank and other bank ground leases, and our buyer representation is free.
As of July 2026, TD Bank, N.A. is rated Aa3 by Moody's, A+ by S&P and AA+ by Fitch for long-term deposits, all with stable outlooks. These are lower than before 2024, when TD was downgraded after its anti-money-laundering settlement, but still strong investment grade.
As of 2026, new 20-year TD Bank ground leases are generally priced around 4.5% to 5.25%, depending on location, rent increases and lease term.
Usually, yes. Most TD Bank branch investments are ground leases: you own the land, TD builds and owns the branch, and TD pays all taxes, insurance and maintenance, with no landlord responsibilities.
In October 2024, TD pleaded guilty to anti-money-laundering failures, paid about $3 billion and accepted a cap on the growth of its U.S. bank. It continues to pay rent as an investment-grade tenant, but the asset cap makes individual branch performance more important when leases come up for renewal.
For buyers who prioritize safety, yes. A TD ground lease combines investment-grade bank credit, zero landlord responsibilities, scheduled rent increases and land as long-term security, at price points from about $3 million to $9 million. The trade-off is a lower cap rate.
Generally no. With a ground lease you own only the land, which is not depreciable, while TD owns the branch building. Investors accept that in exchange for the safety and passivity of the ground lease structure.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
We’ve closed TD Bank ground leases and know how to evaluate a branch. Tell us your budget and timeline; our buyer representation is completely free.
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