Lowe's
Retail | 5.10% CAP | 160,000 SqFt
Marketing description
The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the Lowe’s Home Improvement ground lease in Bloomfield, CT. Lowe’s, a publicly-traded company (NYSE: LOW), has an investment-grade credit rating of BBB+ from S&P (Moody’s: Baa1), operates over 1,700 home improvement stores, and has a market cap exceeding $138 billion.
Investment highlights
Lowe’s Home Improvement Corporate Lease
Recent Capital Expenditure Demonstrates Tenant Site Commitment - $750-900K Spend on Parking Field
8.5 Lease Yrs Remaining – Five, 10-Year Options – Early Renewal Executed in 2023
Long-Term Operating History - Since 2002
Rent Increases – 10% Inc in Options 1-3 – FMV Inc in Options 4-5
Below-Market Rent with FMV Resets Offers Long-Term Upside - Current Rent Only $3.72 PSF
Approx. 160,000 SF Building on 13.09-Acre Parcel
Anchor Tenant to Copaco Center, a Dominant Grocery-Anchored Shopping Center
Co-Anchor Stop & Shop is the Market-Leading Grocer in the Hartford MSA
Positioned on Cottage Grove Road (22,700 VPD) – Excellent Visibility & Ingress/Egress
Nearby Retailers Include Stop & Shop, The Home Depot, Burlington, Five Below, CVS Pharmacy, Chase Bank, Dollar General, AutoZone, Planet Fitness, O’Reilly Auto Parts, McDonald’s,
Starbucks, Dunkin’ Donuts, Wendy’s, and More
Strong Demographics – 186,900+ Residents within a 5-Mile Radius
Average Household Income Exceeding $110,100 within a 5-Mile Radius
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