Tenant: Lowe’s Premises: 95,173 SF Renewal Options: 6 x 5 Years
Lease Expiration: 1/29/27 Lease Type: NNN Rental Increases: At Options
100% Occupied Single Tenant 10 Year Net Lease – Landlord Responsible for Roof and Structure Only
Fixed Rent Increases Throughout the Term of the Lease
Six (6) x Five (5) Year Renewal Options
Strong Historical Occupancy – Lowe’s Has Been at This Location for Over 20 Years
Corporate Guarantee From Lowe’s Companies Inc. – Fortune 47 Company and the Second Largest Home Improvement Retailer in the U.S.
Lowe’s Total Revenues in Excess of $59 Billion, Net Income of $2.55 Billion and Net Worth of $7.65 Billion as of January 2016
Enterprise, AL is One of the Largest Agricultural Producers in the State of Alabama
H.S. Alabama Automotive, Tier One Supplier for Hyundai Motors Located Less Than Three Miles from Asset
Coffee County Accounts for an Estimated $200M Worth of Agricultural and Agribusiness Products Per Year and One of the Top Agricultural Producers in the State of Alabama and in the Top 100 of Nearly 3,000 Counties Nationally
Strong Visibility from Boll Weevil Circle with 18,410 VPD
Less Than 10 Miles from US Army Aviation Museum and Fort Rucker Military Base – Active Duty Military Strength of Approximately 5,000
Neighboring Tenants Include: KFC, Dollar General, Church’s Chicken, Tractor Supply, and Hobby Lobby
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe's and its related businesses operate or service 2,365 home improvement and hardware stores and employ over 290,000 people.
Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects.