Net Lease Lowe’s Property Profile and Cap Rates Date September 7, 2020
Net Lease Lowe’s – Typical Property and Lease Terms
| Price Range: | $15M - $25M |
| Cap Rate: | 5.50% - 6.00% |
| Net Income: | $750,000 - $1,250,000 |
| Price Per foot: | $150 PSF |
| Building Size: | 135,000 SF |
| Lot Size: | 16 Acres |
| Escalations: | Varies |
| Lease Term: | 20 Years |
| Lease Type: | Ground Lease |
| Credit Rating: | A- (S&P) |
Tenant Company Information:
Lowe’s Companies, Inc. (/loʊz/), doing business as Lowe’s, is an American retail company specializing in home improvement.[4] Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States, and Canada. As of November 2018, Lowe’s and its related businesses operate over 2,200 home improvement and hardware stores in North America.[2]
Lowe’s is the second-largest hardware chain in the United States behind rival The Home Depot and ahead of Menards.[5] It is also the second-largest hardware chain in the world, also behind The Home Depot but ahead of European retailers Leroy Merlin, B&Q, and OBI.[6]
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