Lowe’s Home Improvement Ground Lease Peoria, AZ | Phoenix MSA
Price: Unpriced (Best Offer) For More Information Contact: Alfred Hackbarth Senior Vice President | Investment Sales 602.682.6030 Direct |
[email protected] 3131 E. Camelback Rd. Suite 110 | Phoenix, AZ 85016 age or age are approximate. Buyer must verify the information and shall bear all risk and responsibility for any inaccuracies..
EXCLUSIVELY PRESENTED BY
EXCLUSIVELY PRESENTED BY
Lowe’s Home Improvement Ground Lease NEC Happy Valley Rd & Lake Pleasant Pkwy 25311 N. Lake Pleasant Pkwy | Peoria, AZ 85383 Lowe’s Home Improvement Ground Lease
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Price.........................................................Submit offer Cap Rate..............................................................TBD Annual Rent.............................................$460,000.00 Lease Commencement................................8/23/2007 Lease Expiration..........................................7/21/2032 Lease Term....................................................25-years Rental Increases..................................Yes (see detail) Lease Options............................................Five 5-year Lease Guarantor..............................Lowes’s HIW, Inc. Lease Type..................................NNN Ground Lease* Building Area.............................................169,592 SF Land Area....................................................95,659 SF
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*Landlord is responsible for limited expenses not paid for by tenant
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Rent Schedule
Happy Valley Rd
Date
Annual Rent
Years 1-10
3/20/2007
$460,000.00
Years 11-15
8/1/2018
$494,500.00
Years 16-20
8/1/2023
$494,500.00
Years 21-25
8/1/2028
$519,225.00
Option 1
8/1/2032
$545,186.25
Option 2
8/1/2038
$572,445.56
Option 3
8/1/2043
$601,067.84
Option 4
8/1/2043
$631,121.23
Option 5
8/1/2052
$662,677.26
2015 Estimated Demographics 3 Mile
5 Miles
10 Miles
2015 Population
35,885
124, 010
529,870
# of Households
11,518
47,666
211,518
Avg. HH Income
$112,154
$112,154
$83,755
Source: ESRI Business Analyst Online
SRS | 3131 E. Camelback Road Suite 110 | Phoenix, AZ 85016 | 602.682.6000 | www.srsre.com This information has been secured from sources believed to be reliable, but SRS makes no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and shall bear all risk and responsibility for any inaccuracies..