NNN with a commercial bank tenant

[Aaron Xie]

I have been reading posts about NNN, but never see any discussion on pros and cons of buying NNN properties that are leased to commercial banks.

Right now I am looking at a commercial property rented to a big commercial bank, already 3 years into a 10 year lease term. Cap rate is 5% right now, with a 1.5% yearly increase in rental. Let me know if any additional information is needed. And thanks for any thought or experience sharing.