Lowe’s

Lowe’s – Fort Lauderdale, Florida (Broward County – South Florida MSA)

This freestanding Lowe’s property in Fort Lauderdale, Florida presents investors with the opportunity to acquire a premier, single-tenant net-leased asset backed by Lowe’s Companies, Inc., one of the largest and most creditworthy home improvement retailers in the United States. Located in the heart of Broward County—part of the vibrant and economically diverse South Florida MSA—this asset is strategically positioned to serve a broad customer base of homeowners, contractors, commercial property managers, and residential developers.

With an expansive footprint and modern retail prototype, the store supports both traditional in-store sales and Lowe’s omnichannel fulfillment strategy. The Fort Lauderdale location is a mission-critical site that provides same-day order pickup, contractor services, tool rentals, and job site delivery support. The property is surrounded by high-density residential areas, robust retail corridors, and a growing construction market, making it a long-term retail and logistical hub for Lowe’s within the region.

The asset benefits from a corporate-backed, long-term triple-net lease with minimal landlord obligations, ensuring predictable income and low operational risk for investors. The underlying real estate offers excellent visibility, access, and consumer demand in one of the most dynamic housing and remodeling markets in the southeastern United States.

Tenant Overview – Lowe’s Companies, Inc.

Founded in 1946, Lowe’s Companies, Inc. (NYSE: LOW) has become the second-largest home improvement retailer in the United States, with over 1,700 stores and annual revenue exceeding $95 billion. The company offers a comprehensive range of home improvement products and services, serving both DIY customers and professional contractors.

Headquartered in Mooresville, North Carolina, Lowe’s maintains a strong national footprint and has adapted to evolving customer behavior by investing heavily in its digital platforms, mobile applications, and supply chain infrastructure. The company’s robust omnichannel strategy, Pro customer focus, and emphasis on in-stock performance and fulfillment have helped maintain its market leadership.

Financial and operational highlights include:

• Publicly traded on the New York Stock Exchange (NYSE: LOW)
• $95 billion+ in annual revenue
• Over 300,000 employees nationwide
• 1,700+ U.S. stores
• A- credit rating from Standard & Poor’s
• Strong free cash flow and disciplined capital expenditure
• Emphasis on Pro customers, installation services, and e-commerce integration

Lowe’s continues to reinvest in physical stores, data-driven inventory management, mobile commerce, and supply chain automation. These capabilities are essential to serving the dynamic residential and commercial markets in South Florida.

Lease Structure – Triple-Net (NNN) Format

This property is leased under a long-term triple-net (NNN) lease structure with a corporate guaranty from Lowe’s Companies, Inc. The tenant is responsible for all taxes, insurance, and maintenance, which allows investors to benefit from passive income with minimal operational obligations.

Typical lease features include:

• Corporate guaranty by Lowe’s Companies, Inc.
• Triple-net lease (NNN) – tenant pays for real estate taxes, insurance, and all maintenance
• Minimal landlord responsibilities
• Multiple renewal options, often structured in 5-year terms
• Built-in rent increases depending on lease version
• High renewal probability given strategic location and tenant investment

This lease structure aligns well with the goals of passive investors, family offices, 1031 exchange participants, and long-term holders seeking income reliability and tenant stability.

Market Overview – Fort Lauderdale, Florida (Broward County)

Fort Lauderdale is a major city within the Miami-Fort Lauderdale-West Palm Beach metropolitan area—also known as the South Florida MSA—which is the seventh-largest MSA in the United States with a population exceeding 6.2 million residents. Fort Lauderdale and the broader Broward County region are economic engines for the state of Florida, with strong growth in healthcare, finance, logistics, tourism, and construction.

Fort Lauderdale is known for its year-round population base, affluent demographics, and robust real estate markets. The area benefits from a mix of permanent residents, seasonal snowbirds, and international investors, all contributing to the sustained demand for housing, renovations, and maintenance services. This trend supports consistent demand for Lowe’s core product offerings.

Broward County highlights:

• Population of approximately 2 million residents
• Strong job creation in construction, healthcare, and professional services
• Median household income over $68,000
• High rates of homeownership and ongoing housing renovation trends
• Proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades
• Significant growth in multifamily development and infill housing

The local economy’s resilience and Florida’s tax-friendly environment (no state income tax) make this one of the most sought-after areas in the Southeast for real estate investors.

Submarket Overview – Central Fort Lauderdale / Broward Infill

The specific location of this Lowe’s store places it in a dense infill trade area, surrounded by established residential neighborhoods, commercial developments, and regional transportation routes. Within a 5-mile radius, the demographics include:

• Over 300,000 residents
• More than 125,000 households
• Average household incomes of approximately $80,000
• High population density with diverse housing stock
• Ongoing new home construction, condo refurbishment, and single-family remodeling
• Frequent contractor activity due to older housing inventory and code upgrades
• Growing influx of relocations from the Northeast and Midwest

This population density supports consistent foot traffic and repeat purchases across all customer segments, including DIYers, landlords, contractors, property management firms, and trade professionals.

Property Overview – Store Format and Site Layout

The property is a prototypical Lowe’s home improvement store with a building footprint of approximately 115,000 to 135,000 square feet, including a large garden center, tool rental facility, and full-service contractor pickup area. The store is designed for high-throughput operations and is situated on a large parcel with ample surface parking and truck access.

Typical site features include:

• Full-format building with high ceiling clearance
• Garden center with outdoor product staging
• Appliance and kitchen design departments
• Pro Desk for commercial and contractor services
• Lumber and building supply yard
• Equipment rental station
• Order pickup and e-commerce fulfillment center
• Dedicated staging area for job site deliveries
• Drive-through loading lanes and trailer-friendly parking

These features make the store not only a retail center but a regional logistics and service facility tailored to the growing needs of South Florida’s real estate and construction sectors.

Strategic Relevance – Omnichannel Fulfillment and Pro Contractor Services

Lowe’s has made significant investments into its omnichannel logistics platform, and properties like this Fort Lauderdale location are essential to supporting regional delivery, e-commerce, and in-store engagement. The store plays a key role in Lowe’s digital transformation and customer loyalty strategy.

Key operational integrations:

• Same-day or next-day delivery for Pro and retail customers
• Curbside pickup and in-store locker systems
• Customized order pickup and returns for online transactions
• Pro Xtra loyalty platform for contractors and trade accounts
• Job site scheduling, installation, and financing coordination
• High-margin product categories such as flooring, kitchens, and outdoor

The Fort Lauderdale store is particularly well-positioned to serve the steady remodeling activity throughout Broward County, including waterfront properties, older housing stock requiring code upgrades, and commercial tenant improvements.

Investment Highlights

• Freestanding Lowe’s property with full-format retail and logistics functionality
• Long-term, triple-net lease with minimal landlord responsibilities
• Corporate guaranty from Lowe’s Companies, Inc. (NYSE: LOW)
• Located in Fort Lauderdale, FL – a core city in the 6.2 million-person South Florida MSA
• Strong infill demographics with population density and household incomes above national average
• Positioned along major retail corridors and commuter routes
• Strategic location near I-95, Fort Lauderdale Airport, and major residential communities
• Critical supply and fulfillment role in Lowe’s Southeast regional strategy
• Ideal for 1031 exchange buyers, institutional funds, or portfolio allocations
• Strong historical tenant retention and high customer traffic

Conclusion

The Lowe’s in Fort Lauderdale, Florida, is a rare opportunity to acquire a stabilized, corporate-backed, triple-net leased retail asset in one of the fastest-growing and most resilient markets in the country. With passive ownership structure, secure cash flow, and an essential retailer serving a diverse and expanding customer base, this property checks all the boxes for investors focused on long-term value preservation, tenant credit quality, and real estate fundamentals.

Located in one of the most desirable regions of the Southeast, this Lowe’s store benefits from ongoing population growth, high construction activity, and the tenant’s significant investment into technology, logistics, and in-store customer experience. Whether for a 1031 exchange, family office, REIT, or private capital investor, this asset delivers on the core principles of cash flow, credit, and location.