Lowe’s, Stockton CA

  • Park West Place
  • Park West Place

Available $15,120,000 - Retail - Single Tenant
Cap Rate:  5%Size:  154,794 SFTerm:  5 Print

Investment Offering & Highlights

  • Lowe’s is ranked 44 on the Fortune 500 with revenues of $72 billion and maintains a BBB+ investment grade credit rating by S&P
  • Home improvement sector is thriving due to quarantine increasing time spent at home
  • Lowe’s experienced a 30% revenue surge, 68.7% profit jump in Q2 2020 (CNBC)
  • Lowe’s Traffic Index up 33.4% (Locate AI)
  • Strong real estate fundamentals with $4.88 annual rent per square foot as applied to the building
  • NNN lease with tenant responsible for taxes, insurance and maintenance/repair including roof and structure

Property Description

Leased to LOWE’S HIW, INC.​ for over 5 years expiring January 31, 2026.​ There are four 5-year options to extend the lease.​ The rent increases by 10% in the first option period and 5% for the remaining options.​ The lease is triple net with the tenant responsible for taxes, insurance, and maintenance, including roof and structure.​ Lowe’s reimburses Landlord for its pro-rata share of any additional CAM expenses + an 8% Admin Fee.​

This property is being offered along with a multi-tenant PAD and three other neighboring NNN retail properties, Panda Express, Sonic and AutoZone.​ The properties can be acquired individually or as a portfolio.​ Please use the following links to access the neighboring properties:

Panda Express – $2,870,000

Sonic – $2,330,000

AutoZone – $1,500,000

Multi-Tenant PAD– Best Offer

Please use the following link to access the full OM: https://www.crexi.com/properties/503760/california-lowes

  • Offering Memorandum

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Property Location