Long-term absolute NNN leases with an investment-grade Fortune 500 tenant, from a NNN buyer’s broker who helps 1031 investors buy larger, passive assets.
A Lowe’s NNN property is a big-box home improvement store, typically well over 100,000 square feet plus a garden center on 10 or more acres, leased to Lowe’s on a long-term absolute NNN lease, usually around 20 years. Many are ground leases, where you own the land and Lowe’s owns the building; others are fee-simple building leases. Some trade as single-tenant properties, typically on absolute NNN leases at lower cap rates, while many are sold as the anchor of a multi-tenant shopping center, typically on NN leases at higher cap rates. Lowe’s is the second-largest home improvement retailer in the country, with more than 1,750 U.S. stores and S&P BBB+ / Moody’s Baa1 investment-grade credit. With price points of about $10 million to $50 million or more, Lowe’s suits larger 1031 exchanges seeking long-term, zero-management income.
Solid Investments FL is a NNN buyer’s brokerage with 21+ years in net lease and 225+ transactions. We help buyers find, underwrite and close Lowe’s properties nationwide, and our buyer representation is always free to you.
| Tenant | Lowe’s Home Centers, LLC with corporate guarantee from Lowe’s Companies, Inc. (NYSE: LOW) on most leases; confirm on each lease |
|---|---|
| Headquarters | Mooresville, North Carolina |
| Credit rating | S&P BBB+ / Moody’s Baa1 (investment grade) |
| Stores | 1,750+ in the U.S. |
| Typical lease term | About 20 years with multiple 5-year options |
| Lease type | Single-tenant deals: typically absolute NNN (ground leases and fee-simple building leases both trade). Anchored shopping centers: typically NN, with landlord roof, structure and common-area responsibilities |
| Rent increases | Commonly scheduled increases every 5 years or in the option periods; varies by lease |
| Deal types | Single-tenant Lowe’s properties, and Lowe’s-anchored shopping centers with additional shop and outparcel tenants |
| Typical cap rate (2026) | About 5.0%–6.0% for single-tenant absolute NNN; anchored shopping centers trade at higher cap rates |
| Typical price range | About $10M–$50M+ |
| Typical site | Over 100,000 SF plus garden center on 10+ acres |
Credit ratings and store counts as of October 2026. Cap rates and pricing reflect current market conditions and vary by deal.
Many Lowe’s deals are ground leases: you own the land, Lowe’s owns the building, and you have no landlord responsibilities. Fee-simple deals include the building, which you can depreciate. Know which you’re buying.
Lowe’s is rated BBB+ by S&P and Baa1 by Moody’s. Confirm that Lowe’s Companies, Inc. guarantees the lease, not just a subsidiary.
Rent schedules vary: some leases have increases every five years, while others are flat until the options. The rent schedule drives your return.
Check how many years and options remain. A long remaining term on a newer store commands a premium; shorter terms trade at higher cap rates.
A Lowe’s sits on 10 or more acres, often in growing suburban corridors. That land, access and redevelopment potential are your long-term protection.
Ask about the store’s age, sales trend and nearby competition, especially a nearby Home Depot. A strong store in a growing market is the one most likely to renew.
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, with 21+ years in net lease and 225+ transactions. We help investors and 1031 exchange buyers find, underwrite and close Lowe's properties nationwide, and our buyer representation is free.
As of 2026, single-tenant absolute NNN Lowe's properties generally trade between about 5.0% and 6.0% cap rates, depending on the remaining lease term, rent increases and whether the deal is a ground lease or fee simple. Lowe's-anchored shopping centers, typically on NN leases, trade at higher cap rates.
As of October 2026, Lowe's Companies, Inc. is rated BBB+ by S&P and Baa1 by Moody's, both investment grade.
Many are. In a Lowe's ground lease you own the land and Lowe's owns the building, with no landlord responsibilities. Some Lowe's properties are fee-simple building leases instead. Always confirm the structure before you buy.
Lowe's NNN properties typically sell for about $10 million to $50 million or more, depending on the rent, land size, location and lease terms.
Yes. Some Lowe's properties trade as single-tenant deals, typically on absolute NNN leases at lower cap rates, but many are sold as the anchor of a multi-tenant shopping center, typically on NN leases at higher cap rates. A Lowe's-anchored center adds more income and diversification but also more management, so the underwriting is different from a single-tenant deal.
For many larger exchanges, yes. Lowe's offers investment-grade credit, long absolute NNN leases and zero management. Buyers should confirm the corporate guarantee and check the remaining term and rent schedule.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
Tell us your budget and timeline. We’ll show you on- and off-market Lowe’s options, and our buyer representation is completely free.
📞 954-296-6955 | 11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211