| Purchase Price | $28,300,000 |
|---|---|
| Annual Rental Income | $1,700,000 |
| Cap Rate | 6.01% |
| Lease Term | 16.4 Years |
| City | Charlotte |
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Lowe’s – Charlotte, North Carolina (Ballantyne Submarket – Mecklenburg County – Charlotte MSA)
This Lowe’s Home Improvement store located in Charlotte, North Carolina, specifically within the upscale Ballantyne submarket, offers investors the opportunity to acquire a trophy-quality, net-leased retail asset anchored by one of America’s most dominant and creditworthy retailers. Backed by a long-term triple-net lease with Lowe’s Companies, Inc., this property offers income durability, zero landlord obligations, and embedded long-term growth potential in one of the Southeast’s fastest-growing and most affluent metropolitan areas.
Charlotte is the largest city in North Carolina and a top-tier banking, logistics, and tech hub in the Southeast. The Ballantyne submarket, in particular, is a high-income, master-planned district in south Charlotte known for luxury housing, Class A office parks, and premier retail. With over 40,000 residents in Ballantyne alone and immediate access to key residential and commercial growth corridors, the subject property benefits from exceptional consumer demographics, consistent contractor demand, and strong retail synergy.
This freestanding Lowe’s store serves as a major retail and fulfillment hub for southern Mecklenburg County and northern South Carolina suburbs such as Indian Land and Fort Mill. Positioned within a robust trade area surrounded by national retailers, healthcare centers, and upper-middle-class neighborhoods, this store continues to perform as a vital node in Lowe’s regional omnichannel and Pro customer strategy.
Tenant Overview – Lowe’s Companies, Inc.
Lowe’s Companies, Inc. (NYSE: LOW) is the second-largest home improvement retailer in the United States and serves a broad customer base ranging from do-it-yourself homeowners to commercial contractors. Founded in 1946 and headquartered in Mooresville, North Carolina, Lowe’s operates over 1,700 stores across the United States and consistently ranks in the top 50 of the Fortune 500 list.
Lowe’s is widely recognized for its durable earnings, customer service reputation, digital innovation, and national logistics reach. With over $95 billion in annual revenue, the company has a strong balance sheet, investment-grade credit, and a growing customer base in both the retail and professional segments. The company has committed substantial resources to expanding its Pro Xtra loyalty program, in-store technology, and same-day fulfillment capabilities, all of which make core locations like Charlotte’s Ballantyne submarket strategically vital.
Key corporate attributes include:
The company’s strong corporate backing and adaptive retail model make Lowe’s an ideal long-term tenant for net lease investors focused on income stability and credit security.
Lease Overview – Triple-Net Structure
The subject property is leased on a long-term, corporate-backed, triple-net (NNN) lease structure. This type of lease places the responsibility for property taxes, insurance, and maintenance on the tenant, thereby creating a truly passive income stream for the landlord. The lease includes multiple renewal options, and Lowe’s has a demonstrated history of remaining at core locations for decades.
Key lease terms may include:
This lease format is ideal for passive investors seeking dependable cash flow and low exposure to operational volatility.
Market Overview – Charlotte MSA
Charlotte is the economic center of North Carolina and one of the fastest-growing metropolitan areas in the United States. The city is home to major financial institutions, healthcare networks, logistics hubs, and a thriving tech scene. The Charlotte MSA has a population exceeding 2.7 million residents and consistently ranks among the top ten U.S. metros for in-migration, job growth, and residential development.
Charlotte’s growth has been fueled by corporate relocations, affordable cost of living, and significant infrastructure investment. It is home to the headquarters of Bank of America, Truist Financial, and Lowe’s, as well as major operations for Wells Fargo, Honeywell, and Microsoft. The metro area offers a robust housing market, strong school systems, and a diverse economic base supporting long-term real estate demand.
Charlotte MSA highlights include:
The region’s economic diversity and population expansion provide a resilient foundation for retail sales and Pro contractor activity—both core drivers of Lowe’s store performance.
Submarket Overview – Ballantyne, Charlotte NC
The Ballantyne submarket is one of Charlotte’s most affluent and desirable areas. Developed in the 1990s as a master-planned, mixed-use community, Ballantyne includes luxury residential developments, Class A office towers, hotel and conference facilities, and high-end retail centers. It is a preferred destination for corporate executives, professionals, and families seeking upscale suburban living within proximity to downtown Charlotte.
Ballantyne’s real estate market is characterized by:
With ongoing expansion into Indian Land and Fort Mill just across the South Carolina border, Ballantyne continues to grow as a regional economic node with demand for retail, professional services, and residential upgrades.
Property Overview – Format and Functionality
This Lowe’s store is a full-format, freestanding home improvement center designed to meet the needs of both retail consumers and Pro contractors. The property likely encompasses 115,000 to 140,000 square feet of retail area, along with garden center space, loading docks, and designated logistics infrastructure.
Key features may include:
This multi-use layout positions the store as both a high-volume retail location and an essential last-mile logistics facility within Lowe’s broader Southeast strategy.
Strategic Role in Lowe’s Network
Lowe’s has focused its omnichannel and Pro contractor expansion efforts on high-growth suburban and Sun Belt markets like Charlotte. The Ballantyne location is particularly well-positioned due to its proximity to upscale residential neighborhoods, high contractor density, and robust e-commerce penetration.
Key strategic roles of the store include:
The store’s functionality, trade area coverage, and integration into Lowe’s broader fulfillment network make it a mission-critical asset in the company’s Carolinas growth plan.
Investment Highlights
Conclusion
The Lowe’s store in Charlotte’s Ballantyne submarket offers a premier opportunity to acquire a net-leased investment anchored by one of the most financially secure and operationally sophisticated retailers in the country. With a long-term lease, corporate guaranty, and strategic location in one of the Southeast’s strongest growth markets, this asset combines stability, appreciation potential, and passive income into a single, high-performance investment.
Located in a submarket known for executive housing, commercial development, and ongoing suburban expansion, this Lowe’s store is poised to serve both residential and contractor customers for decades to come. Whether you’re a 1031 exchange buyer, private family office, REIT, or high-net-worth individual, this investment offers the fundamental strengths of tenant credit, location quality, and real estate durability.