PRI CING & F INAN CI AL AN ALYSI S
LOWE ’ S - SALE M, VA
Lowe’s 840 West Main St Salem, VA 24153
OFFERING SUMMARY Price Cap Rate Net Operating Income Year Built Gross Leasable Area Lot Size
ANNUALIZED OPERATING DATA $28,150,000
Commencement
Annual
Increase
1-25
3/30/2010
$1,900,000
-
$1,900,000
Option 1: 26-30
3/30/2035
$1,900,000
0.00%
2010
Option 2: 31-35
3/30/2040
$2,299,000
21.00%
139,410 SF
Option 3: 36-40
3/30/2045
$2,528,900
10.00%
13.03 Acres
Option 4: 41-45
3/30/2050
$2,781,790
10.00%
Option 5: 46-50
3/30/2055
$3,059,969
10.00%
Option 6: 51-55
3/30/2060
$3,365,966
10.00%
6.75%
LEASE SUMMARY Lease Term
25 Years
Lease Commencement
3/30/2010
Lease Expiration
3/29/2035
Remaining Term
14+ Years
Lease Type Roof & Structure Increases Options Options to Purchase
Year(s)
NET OPERATING INCOME
$1,900,000
NNN Tenant Yes 6x5 ROFO
F I N A N C I A L A N A LY S I S
2