Tenant exposure
Lowes in CMBS
The trusts' filings name Lowes among the three largest tenants at properties securing 15 public CMBS loans with $884.5M outstanding. It is the largest tenant at 10 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kings Plaza | Brooklyn, NY | Retail | $487.0M | 3.359% | Jan 2030 | 2.38x | 91% | Current |
| Brunswick Commons | East Brunswick, NJ | Retail | $63.0M | 4.383% | Dec 2027 | 2.45x | 100% | Current |
| Ohio Valley Plaza | Saint Clairsville, OH | Retail | $51.2M | 4.78% | May 2027 | 1.42x | 92% | Current |
| Wareham Crossing | Wareham, MA | Retail | $48.6M | 6.421% | Nov 2029 | 2.06x | 97% | Current |
| Shops at Trace Fork | Charleston, WV | Retail | $40.4M | 4.88% | Feb 2029 | 2.33x | 96% | Current |
| Nitro Marketplace | Nitro, WV | Retail | $27.8M | 4.355% | Sep 2028 | 2.18x | 95% | Current |
| Lowes - San Jose, CA | San Jose, CA | Other | $27.1M | 3.55% | Jun 2031 | 2.40x | 100% | Current |
| Massillon Marketplace | OH | Retail | $26.5M | 5.81% | Jul 2031 | n/a | n/a | Current |
| Rutherford Commons | East Rutherford, NJ | Retail | $23.0M | 4.489% | Jan 2028 | 2.64x | 100% | Current |
| Town Square Plaza, Pottstown | Pottstown, PA | Retail | $19.0M | 4.32% | Jun 2027 | 0.98x | 100% | Current |
| Lowes Ground Lease - Oxnard, CA | Oxnard, CA | Other | $19.0M | 4.33% | Dec 2027 | 1.88x | 100% | Current |
| Owasso Market | Owasso, OK | Retail | $18.8M | 5.31% | Aug 2028 | 2.29x | 100% | Late, less than 30 days |
| Westshore Plaza | Muskegon, MI | Retail | $14.7M | 5.251% | Jan 2027 | 1.92x | 100% | Current |
| Rock River Plaza | Moline, IL | Retail | $12.0M | 5.16% | May 2031 | n/a | n/a | Current |
| Lowes Cromwell | Cromwell, CT | Other | $6.4M | 4.03% | Mar 2031 | 2.39x | 100% | Current |
Where Lowes is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Lowes - San Jose, CA | Nov 2028 | Jun 2031 | $27.1M |
| Shops at Trace Fork | Jul 2029 | Feb 2029 | $40.4M |
| Lowes Cromwell | Jan 2030 | Mar 2031 | $6.4M |
| Westshore Plaza | Jun 2030 | Jan 2027 | $14.7M |
| Rutherford Commons | Jan 2031 | Jan 2028 | $23.0M |
| Brunswick Commons | Apr 2031 | Dec 2027 | $63.0M |
| Owasso Market | Sep 2031 | Aug 2028 | $18.8M |
| Lowes Ground Lease - Oxnard, CA | Nov 2031 | Dec 2027 | $19.0M |
| Town Square Plaza, Pottstown | Sep 2038 | Jun 2027 | $19.0M |
| Wareham Crossing | Dec 2039 | Nov 2029 | $48.6M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: LOWES; Lowe's; Lowes. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.