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- LoopNet Team
527 N Mayo Trl
Paintsville, KY 41240
Lowe's Absolute NNN Ground Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 527 N MAYO TRL , PAINTSVILLE, KY 41240
The subject offering is a 109,440 square foot Lowe’s Home Improvement Center situated on 13.05 acres located in Paintsville, Kentucky. The fee simple ground lease is corporately guaranteed by Lowe’s Companies Inc. (NYSE:LOW). Lowe’s Companies Inc. maintains an Investment Grade ‘A’ Rating from S&P. The asset is strategically located on a highly trafficked commercial thoroughfare and is well positioned in Paintsville’s main retail corridor serving a trade area population of nearly 70,000. Lowe’s Companies Inc. t is subject to an absolute triple-net ground lease providing for zero landlord obligations. There are 7 years remaining on the initial term and scheduled rental increases of 5% in each of the six 5 year option periods.
PROPERTY TAXES
| Parcel Number | P45-00-00-005.07 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,900,000 |
PROPERTY TAXES
