Maple Grove Retail for Sale - Northwest
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 ±12.9 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.
