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1701 Frederick RdOpelika, AL 36801
Lowe's Opelika
Asset ClassRetail
Year Built1999
Square Feet: 135,197Land: 19.69 AcresAccess Data Room
STNL Investment Grade Tenant | Long-Term Occupancy of 27 Years | Dominant Retail Location with I-85 Visibility
overview of deal

Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ±135,197-square-foot Lowe's Home Improvement located in Opelika, 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 Perfomring Lowe's with Favorable Lease Economics

  • Single-tenant Lowe's Home Improvement serving the Opelika market for more than 27 years
  • Store ranks within the top 76% of Lowe's locations nationwide by annual visits, per Placer.ai

Investment-Grade Credit Backing Durable Cash Flow

  • Lease guaranteed by Lowe's Companies, Inc. (NYSE: LOW), rated BBB+ by S&P
  • Fortune 50 retailer with fiscal 2025 revenue exceeding $86 billion
  • Market capitalization exceeding $107 billion

Attractive Net-Lease Cash Flow Profile

  • Triple-net lease structure minimizes management responsibilities
  • 5% increases in the renewal periods
  • Tenant responsible for real estate taxes, insurance, utilities, and day-to-day operating expenses

Strong Retail Location

  • Inside Tiger Town, East Alabama’s largest retail center, a 130-acre mixed use development with about 1 million square feet of retail. Tiger Town draws shoppers from all of Lee County and nearby parts of Georgia
  • Strong national co-tenants including Target, Kohl’s, Best Buy, Hobby Lobby, Kroger, and Aldi anchor the center, along with many national restaurants, banks and hotels. The trade area around this store is proven and dominant
  • Direct frontage on Interstate 85, visible to ±62,000 vehicles per day
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1701 Frederick RdOpelika, AL 36801

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