Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this
new 20 Year Lowe’s ground lease in Odessa, FL. Lowe’s is currently under construction and
plans to open in October of 2024.
Rare Opportunity
New construction Lowe's Home Improvement in a tax-free, high-growth state
Priced Well Below Replacement Cost
The current base rent equates to $5.45/SF and the purchase price is well below the replacement cost
Large Investment & Commitment
20-YR lease and large capital investment by Lowe's demonstrates a long-term commitment to this site
Investment Grade Credit
Lowe's is a Fortune 50 company that operates +/- 1,800 stores and has an investment-grade credit rating
Growth Market
Pasco County is the 3rd fastest-growing County in Florida with over 17,000 homes being developed in the immediate trade area
Strategic Location
Strategically located at the major regional intersection of SR 54 and Gunn Highway which carry a combined 75,000 vehicles per day
Passive Ownership
Absolute Net Ground lease provides passive ownership for out-of-state investors
Positive Demographic Trends
Florida has no state income tax and in 2022 ranked as the fastest growing State in the US