Lowe’s | Excellent Visibility & Access
417 Lafayette Rd, Seabrook, NH 03874
Price: $13,900,000
Status: Sold
Cap Rate: 6.73%
Year Built: 2005
NOI: Contact Broker
Lot Size: 16.10 acres
Price Per Foot: $110
Lease Type: Absolute Triple-Net Ground (NNN)
Remaining Term: 4
GLA: 126,533 sqft
Brochure Information
Contact Broker for more details
Property Intro
Constructed in 2005, this ±126,533-square-foot building is situated on a generous ±16.1-acre parcel under a ground lease structure. The tenant, Lowe’s Companies, Inc. (NYSE: LOW), is the nation’s second-largest home improvement retailer and holds an investment-grade credit rating of BBB+ by S&P. The lease is structured as an absolute NNN ground lease, requiring no landlord responsibilities and offering long-term income security backed by a Fortune 50 company serving over 18 million customers.
Strategically positioned across from Southgate Plaza and adjacent to Kohl’s, the property benefits from excellent co-tenancy and synergy with major national retailers including Walmart, CVS, Staples, TJ Maxx, PetSmart, and Five Guys. Located along the primary retail corridor of Lafayette Road, which sees over 21,000 vehicles per day, the site enjoys excellent accessibility and visibility just one mile from I-95 with convenient connectivity to Boston, MA and Portland, ME. The surrounding trade area is robust and highly trafficked, drawing customers from both New Hampshire and northern Massachusetts.
The property is located within the Greater Boston metro in the coastal town of Seabrook, NH, a growing community supported by strong demographics and economic drivers. Over 58,000 people reside within a five-mile radius, with an average household income exceeding $140,000. Seabrook is home to the NextEra Energy Seabrook Nuclear Power Station, a major regional employer and economic engine generating over $500 million in annual economic impact. With its strategic location, strong tenant credit, and zero landlord obligations, this Lowe’s offering represents a stable and compelling investment opportunity in a high-demand market.