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| Price $29,856,000 | Built/Renov 2005 | Tenant Lowe's |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
769,879
| Lease Start
01-01-2017
| #Units
1,738
|
| Price/SF $38.78 | Expiration
12-01-2031
| Tenant Type Big Box Retail |
| NOI $1,791,359 | R. Term 7.0 | Ownership Fee Simple |
| Rent/SF
$2.33
| Increases 10.0%/1/yrs | Pop 5Mi 241,673 |
| Lot/AC 17.68 | Options 10/5yrs/10% | AHHI 5Mi $78,668 |
| | |
Lowe’s is directly off Texas 183 TEXpress/Airport Fwy, a state highway serving the Dallas–Fort Worth MSA (188,000 VPD). This location was previously a full-size Lowe’s store that closed in 2019 until a recent rebranding to become the first “Lowe’s Outlet” in Texas. Airport Freeway is the most heavily used section serving the southern entrance of Dallas–Fort Worth International Airport. The...
...Oversized lot
Major thoroughfare
Dense retail corridor
Freeway close
Strong demographics
Income tax free state
Absolute NNN
Traded and rated company
Investment grade tenant
Lowe's Companies, Inc. (NYSE: LOW), dba Lowe’s Home Centers, Inc., is an American company that operates a chain of retail home improvement and appliance stores in the United States. Founded...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 20,538 | 130,248 | 252,635 |
| 2022 Total Population : | 20,511 | 130,924 | 252,213 |
| 2022 Employed Civilian Pop : | 11,517 | 74,649 | 146,677 |
| 2022 Total Businesses : | 918 | 4,453 | 10,087 |
| 2022 Average Household Income : | $ 77,204 | $ 78,499 | $ 89,803 |
| 2022 Total Consumer Spending : | $ 504 M | $ 3153 M | $ 7537 M |
| 2022 Median Age : | 33 | 33 | 33 |
| 2022 Total Households : | 7,447 | 46,061 | 96,549 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,041 | 15,054 | 38,061 |
| 2022 Average Home Value : | $ 241,574 | $ 244,801 | $ 276,175 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| N Belt Line Rd | Willow Creek Dr | 2012 | 47,600 | 0.12 mi |
| W Airport Fwy | Hwy 356 | 2005 | 10,520 | 0.24 mi |
| Airport Fwy | Hwy 356 | 2005 | 7,977 | 0.26 mi |
| N Belt Line Rd | W Pioneer Dr | 2009 | 37,500 | 0.28 mi |
| Willow Creek Dr | Mapleleaf Ln | 2011 | 9,000 | 0.29 mi |
| Airport Fwy | N Belt Line Rd | 2005 | 4,364 | 0.30 mi |
| Luke St | W Pioneer Dr | 2009 | 1,020 | 0.32 mi |
| W Pioneer Dr | Carver Ln | 2011 | 14,700 | 0.32 mi |
| 2005 | 8,278 | 0.39 mi | ||
| W Irving Blvd | Jamestown Dr | 2004 | 16,000 | 0.43 mi |
Port Chester, NY
Cap Rate 6.00%
Lease Abs NNN
R. Term 19.30 yrs
Size/SF 80,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
