Lowe's NNN Properties for Sale (1 Listing)

Term is the whole risk

These leases were often written decades ago and extended. One deal can have more than a decade left after an extension. Another can be a short remainder with two renewals already used. Price the firm expiration. An extension that already happened is term. An extension the tenant might take later is not. The 1031 deadline calculator matters here only because these checks are large enough to anchor an exchange, and the identification clock does not care that the lease is famous.

Credit without a frozen rating

LOW is a public operating company with a long record. Call it commonly described as investment grade and then read this quarter's rating. The guaranty should name the parent or a financed affiliate you are willing to accept. A store-level entity with no parent joinder is not the Lowe's credit you think you bought.

What you do not get

You do not get a building you can re-lease to Tractor Supply on day one, because you may not own the building. Tractor Supply is the fee-simple rural big-box comparison. Dollar General is the small-check absolute-net alternative. AutoZone is the mid-size DIY box you actually own. Lowe's wins on credit and loses on control of the improvements.

Connecticut, New Jersey, and everywhere else

The chain is national. Connecticut and New Jersey show up because ground leases trade in high-tax, high-barrier markets as well as in the Sunbelt. Texas, Florida, and North Carolina are the growth-state versions of the same instrument. Confirm whether your parcel includes the outparcels or only the land under the store. That legal description is the asset.