Listed by Newmark | Orange County - Irvine
$37,000,000
Lowe's @ Westchester Ridge Hill
Details
APN 4.-4061-1
Property Type Retail
Sub Type Storefront
Square Footage 99,500
Net Rentable (SqFt) 99,500
Units 1
Cap Rate 5.5%
NOI $2,035,000
Occupancy 100%
Tenancy Single
Brand/Tenant Lowe's
Lease Type NNN
Lease Expiration 03/11/2037
Remaining Term 10.8
Rent Bumps Yes
Lease Options 5 (5-Year) & 1 (3-Year and 11-month)
Class A
Year Built 2017
Stories 1
Acreage 5.910
Parking Spaces 308 spaces
Parking per 1,000 SqFt 3.10
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/12/2017
Ground Lease Yes
Sale Condition For sale by owner
Lowe's (S&P: BBB+) | 10+ Years Remaining | Ranked in the Top 14% Nationally
Marketing description
Investment highlights
- Strong Store Performance | Top 14% Nationally
- Fortress Credit | Lowe’s (S&P: BBB+)
- Corporate Guaranteed NNN Ground Lease
- Fixed Rental Increases
- Direct Connectivity to Significant Trade Area
- Ridge Hill | Regionally Dominant, Grocery-Anchored, Open-Air Lifestyle Center
- Mixed-Use Environment With Captive Residential Audience
- Best In Class Trade Area With Significant Residential Density
Listing Contacts
Listed by Newmark | Orange County - Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,035,000.00
$169,583.33/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
PMD PlannedPlanned Multi Use Development
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View all 169 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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