830 W Main St
Salem, VA 24153

This high-profile Lowe’s outparcel location features a new 15-year Absolute Net ground lease, offering passive ownership and stable cash flow. With brand-new construction completed in 2023, the property is designed to meet modern standards while providing long-term value. The lease includes 8% rental escalations every five years throughout the base term and option periods, ensuring income growth and a hedge against inflation. The ground lease is attractively priced below replacement cost, adding to its investment appeal. The tenant is a high-growth operator with 28 existing units and 11 in development, offering a full-term guaranty that further solidifies the investment. With excellent access and visibility, this property is well-positioned to resist the impacts of eCommerce, making it a resilient and lucrative investment opportunity.