Lowe’s

Silverdale, Washington

NNN Pro Group is pleased to present this exclusive listing of a Lowe’s located at 2221 NW Mhyre Road in Silverdale, WA. The site, constructed in 2008 and consists of roughly 111,000 rentable square feet of building space on estimated 12.43-acre parcel of land. This Lowe’s is subject to a 20-year triple-net (NNN) ground lease, which commenced on June 1, 2008. There are approximately 5.2 years remaining. The annual rent is $737,000 and is subject to 10% rental increases in each option period. There are four (4) five (5)-year tenant renewal options, extending the total possible lease term to 45 years.

About the Investment:

✓ 5 Years Remaining on an Original 20-Year Triple-Net (NNN) Ground Lease
✓ 10% Increases In Option Periods
✓ Four (4), Five (5) Year Tenant Renewal Options
✓ Corporate Guarantee from Lowe’s Companies, Inc. (NYSE: LOW) – S&P: BBB+
✓ Positioned on a Large 12.43 Acre Lot