NNN Lowe’s Ground Lease with Corporate Guaranty CBRE is pleased to exclusively offer for sale the ±12.5-year NNN Lowe’s Home Improvement ground lease situated on 13.45 acres in Birmingham, AL (MSA Population: 1.1M). Originally set to expire in 2023, Lowe’s lease was extended through 2037, demonstrating Tenant’s commitment to the location. The lease features a corporate guaranty from Lowe’s Companies, Inc. and now has ±12.5 years of term remaining with eight, 5-year renewal options (originally six). Rent increases by 9.27% at the commencement of the second option, then by 10.00% in the fourth, sixth and eighth options.