Lowe's NNN Property For Sale — Presque Isle, ME
135 Maysville St, Presque Isle, ME 04769
This a rare opportunity to acquire a robustly performing corporate Lowe's ground lease property in Presque Isle, ME. The tenant has approximately 7.6 years remaining on an initial 20-year absolute NNN ground lease, which features attractive 10% rental increases during each of the six five-year option periods. With zero landlord responsibilities and an investment-grade BBB+ credit rating from S&P, Lowe's offers a secure and stable income stream for investors. The property serves as a critical retail anchor as one of the only home improvement stores within a 150-mile radius, drawing customers from a wide trade area. The exceptionally low ground rent of $2.24 per square foot presents a strong potential for early lease extension, further enhancing the investment appeal.
- Address: 135 Maysville St, Presque Isle, ME 04769
- Asking price $5.15M
- 6.41% cap rate
- NOI $330,000
- 0.1 years remaining
- NNN lease
- Year built: 1998
- Building size: 147,000 SF
- Lot size: 13.61 acres
- Lease expiration: Oct 18, 2026
- Rent increases: 10/19/2006-10/18/2026 : $330,000; 10/19/2026-10/18/2031 : $363,000 (10% increase); 10/19/2031-10/18/2036 : $399,300 (10% increase); 10/19/2036-10/18/2041 : $439,230 (10% increase); …
- Guarantor: Corporate
Location
This Lowe's property is at 135 Maysville St in Presque Isle, Maine.
Asset type: Retail