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3505 N Memorial PkwyHuntsville, AL 35810
Lowe's Huntsville
Asset ClassRetail
Lease-Term Remaining5.3 Years
STNL Investment Grade Credit Tenant | Long-Term Occupancy of 24 Years | Huntsville is Fastest Growing and Largest City in AL
Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ±135,039-square-foot Lowe's Home Improvement located in Huntsville, Alabama, one of the fastest-growing metropolitan areas in the Southeast. The Property is 100% leased to Lowe's Home Centers, LLC under a triple-net lease that is guaranteed by Lowe's Companies, Inc. (NYSE: LOW; S&P: BBB+), providing investors with stable cash flow backed by an investment-grade Fortune 50 retailer.
Investment Highlights
Top-Performing Lowe's with Favorable Lease Economics
- Single-tenant Lowe's Home Improvement serving the Huntsville market for more than 24 years
- Approximately 5.3 years of remaining lease term on a NNN lease plus six (6) five-year renewal options
- This Store ranks within the top 33%of Lowe's locations nationwide by annual visits, according to Placer.ai
Irreplacable Retail Real Estate
- +/- 135,039 SF purpose-built home improvement facility
- Large +/- 20.39 acre parcel, with the potential for future development on the site
- Roof replaced in 2019 with a 20-year warranty through 2039
Located in one of Southeast's Fastest-Growing Market
- Huntsville ranks among the fastest-growing metropolitan areas in the Southeast
- Employment base anchored by aerospace, defense, technology, and advanced manufacturing industries
- Prominent location along U.S. Highway 231/431 with approximately 41,000 vehicles per day
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3505 N Memorial PkwyHuntsville, AL 35810
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