Lowe's
Investment-grade (BBB+) with a US-only store base after exiting Canada in 2023; it bought FBM and ADG in 2025 to grow its pro business. Net lease exposure is mostly long ground leases with low management burden.
- US units
- 1,761
- Q2 2026
- 3Y net growth
- +1.3%
- vs. FY2022
- Credit rating
- BBB+
- Investment grade
- Typical term
- 20 yr
- Ground lease (absolute)
- Model
- Corporate
- Public
Unit count
Lowe's in the news
All news →- Chain Store Age
- CNBC Retail
Lowe's net lease FAQ
What is Lowe's's credit rating?
Lowe's is rated BBB+, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Lowe's locations are there in the US?
Lowe's reported about 1,761 US locations as of Q2 2026. That is +1.3% versus 1,738 in FY2022.
What does a typical Lowe's net lease look like?
Lease type: Ground lease (absolute). Initial term: 20 yr. Rent increases: 5-10% every 5 yr. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Lowe's corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.