527 N Mayo Trail Paintsville, KY 41240

Listing agency The Kase Group j***@thekasegroup.com Show Phone

Listed by Jacob Abusharkh · License #CA 01385529

Source Crexi

Added: Apr 10 Updated: Jul 21 at 12:59AM Checked: Jul 21 at 6:18AM

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Investment Insights

Based on property information with market context.

The offering is a single-tenant Lowe’s Home Improvement Center totaling 109,440 square feet, situated on 13.05 acres. The property is delivered under a fee simple absolute triple-net ground lease that is corporately guaranteed by Lowe’s Companies Inc. (NYSE: LOW). The lease includes zero landlord obligations, with 7 years remaining on the initial term and scheduled rental increases of 5% in each of the six 5-year option periods.

The center is located on a highly trafficked commercial thoroughfare and positioned in Paintsville’s main retail corridor serving a trade area population of nearly 70,000.

This is a long-term, single-tenant NNN ground lease structure with scheduled rent escalations during the option periods.

Key Highlights

• 109,440 SF Lowe’s Home Improvement Center on 13.05 acres in Paintsville, Kentucky
• Fee simple ground lease is corporately guaranteed by Lowe’s Companies Inc. (NYSE:LOW)
• Absolute triple‑net ground lease with zero landlord obligations

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FAQs

What type of property is this?

Retail space - Lowe’s Home Improvement Center on a 13.05-acre site with a corporately guaranteed absolute triple-net ground lease.

Where is this retail space located?

The property is located at 527 N Mayo Trail Paintsville, KY.

What are key features of this property?

This property features: 109,440 SF Lowe’s Home Improvement Center on 13.05 acres in Paintsville, Kentucky; Fee simple ground lease is corporately guaranteed by Lowe’s Companies Inc. (NYSE:LOW); Absolute triple‑net ground lease with zero landlord obligations