2564 NW 13th St., Gainesville, Florida 32609
PROPERTY SUMMARY
Triple Net Investment Group is pleased to offer this Corporate Guaranteed Lowes Ground Lease located at 2564 NW 13th St., Gaines-ville, Florida 32609 . This Absolute Net investment grade ( S&P Credit: A- ) commercial real estate asset is being offered at a 5.35% Cap rate. A new investor will enjoy a lease with approximately 25+years on the base term with rental increase every five years and over 31% rent increase on its first option . This subject property consists of a 15.65 acre land with 136,858 Sq. ft. of Heated and Air-conditioned , 10,208 of back patio and canopy area for their garden center containing 31,122 sq. ft. National and Regional tenants include McDonald’s , Burlington Coat Factory, UPS , Dollar Tree, Lucky ‘s Supermarket, Pet Supermarket, Big Lots , Planet Fitness , Ta-co Bell , Checkers , Ross Dress for Less, Rural King and Bank of America.
PROPERTY HIGHLIGHT
- Ranked number 47 on the FORTUNE 500 List
- Over 2,335 locations throughout the US and Canada
- $59.1 billion in sales for fiscal year 2015
- Publicly Traded Company (NYSE: LOW) S&P Rating: A-
- Rent increases every 5 years
- 25+ Years NNN Ground lease
- Over 31% rent increase in first option
- Zoning ( U-8 ) allows for construction of 900 residential units
