SouthState Bank NNN Dallas (d/b/a Independent Bank)

This is an opportunity to invest in a long term, single tenant bank property offering a solid return that is both recession resistant and an inflation hedge  The building was constructed in 2008 on a 1.35-acre site located in highly desirable area of Grapevine, a suburb of income tax free Dallas, TX. The property is 100% leased to SouthState Bank (NYSE: SSB), d/b/a Independent Bank on an absolute NNN ground lease with approximately 13 years remaining and 10% rent increases every 5 years. SouthState and Independent bank recently merged with SouthState assuming all liabilities and obgligations of Independent Bank. The combined bank have approximatley $65 billion in assets. SouthState Corporation reports a Moody's investment grade credit rating of Baa3 and a Kroll Bond Rating of BBB+. The property has been well maintained with no deferred maintenance.