Lowe’s

Lowe’s Companies, Inc. operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.

The Company also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private branded products to homeowners, renters, and professional customers; and retail customers comprising individual homeowners and renters. As of March 24, 2017, it operated 2,365 home improvement and hardware stores. The company also sells its products through online sites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe’s Companies, Inc. was founded in 1946 and is headquartered in Mooresville, North Carolina.

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S&P Rating: A-

S&P Outlook: Stable

Moody Rating: A3

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise

Positives:

  • Public Company, Credit Rated
  • Typically Long term leases with increases

Negatives:

  • Unique buildouts and large spaces make it more challenging to re-tenant
  • Increasing Competition from online stores

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Lowe’s Similar Tenants

Lowe’s Company Profile

Headquarters Information

Mooresville, North Carolina

Founded in 1946

Company type: Public

Stock Ticker: LOW

Sector: Services

Industry: Home Improvement Stores

# of Employees: 190,000

S&P Rating: A-

S&P Outlook: Stable

S&P Rating: A3

Moody Outlook: Stable

Lowe’s Stock Keys

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