- 135,197 SF Lowe’s Absolute NNN Ground Lease with 10+ Years Remaining in St. Louis, MO
- Lowe’s Demonstrated Strong Commitment to Site via Brand New 10-Year Extension thru September 2032 at 10% Increased Rent
- Lease is Fully Guaranteed by Lowe’s Publicly-Traded Entity: Lowe’s Companies, Inc. (NYSE: LOW, $132 Billion Market Cap)
- Offered Free & Clear of Debt
- S&P “BBB+/Stable” Investment-Grade Credit Rating
- Absolute NNN Ground Lease – Minimal Landlord Responsibilities with 8% Admin Fee on CAM Allowable
- Tenant Installed New TPO Roof Installed Over Entire GLA in 2020
- Lowe’s Achieved Record Sales of $96B & Net Income of $8.4B in FY 2021 – Up 33% and 97%, Respectively, Over FY 2019 Pre-COVID Figures
- Ranked 21st out of 46 Missouri Lowe’s Locations in T12 Month Customer Foot Traffic (Source: Placer.ai)
- Infill/Affluent Demographics: 12K Residents ($101K AHHI) in 1-Mile; 81K ($127K AHHI) in 3-Miles; 157K ($137K AHHI) in 5-Miles
- Lowe’s Shadow-Anchors a Larger Community-Oriented Retail Center with a Complementary Daily Needs Tenant Mix – Fitness, Entertainment, Education, Food, Professional Services, Coffee, Hair & Medical
- 38,000 Cars/Day with Excellent Frontage & Visibility Along Manchester Road (Route 100) – Major East/West Corridor Stretching 121 Miles from Downtown St. Louis into Central Missouri
- Situated in the Middle of a 10-Mile Long Retail Corridor with Area Retailers Including Costco, Walmart, Menards, Target, Nordstrom Rack, Best Buy, Kohl’s, Hobby Lobby, Ross, and More
- 1.5 Miles East of Route 141 Interchange with a Combined 66,300 Cars/Day
- St. Louis MSA: Home to a Population of 2.8 Million, Top 25 MSA and GDP Market in the U.S. with 8 Fortune 500 HQ’s and a Highly Diversified Economy
