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Lowe's Home Improvement 11201 Fountains Dr N 137,933 SF 4-Star Retail Building Maple Grove, MN 55369 $17,553,694 CAD ($127.26 CAD/SF) 5.65% Cap Rate

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INVESTMENT HIGHLIGHTS

By visits, this Maple Grove location ranks among the top 30% throughout Minnesota, according to Placer.ai.
Featuring a recently extended NNN ground lease with corporate guaranty from Lowe's.
Approximately 12 miles northwest of Downtown Minneapolis, serving a robust consumer spending base.

Anchor to the 510,985-square-foot power center, The Fountains at Arbor Lakes, home to a variety of national retailers, dining, and entertainment.
7.1M square feet of retail, 3.4M square feet of office, 20.8M square feet of industrial, and 6,229 multifamily units within a 3-mile radius.

EXECUTIVE SUMMARY

CBRE is pleased to exclusively offer for sale the 137,933-square-foot Lowe’s situated on 12.26 acres in Maple Grove, Minnesota, a component of the Greater Minneapolis (MSA Population: 3.8 million).

Originally set to expire in 2026, Lowe’s agreed to extend the lease through 2038, with ±13.1 years of term remaining. Additionally, the lease features a corporate guaranty from Lowe’s Co. Inc. (S&P: BBB+) and 5% rent increases in the 10 five-year renewal options.

Built in 2006, Lowe’s is an anchor to The Fountains at Arbor Lakes power center, which is also home to Costco, Dick’s Sporting Goods, Marshalls, HomeGoods, REI, PetSmart, Ethan Allen, Dave & Buster’s, OfficeMax, Holiday Inn & Suites (136 rooms), Courtyard (115 rooms), and more.