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Net-Leased Lowe's Building in Concord Trades for $15.1 Million

Private Investor Picks Up Freestanding Retail Building
The freestanding Lowe's building was constructed in 1999. (JLL)
The freestanding Lowe's building was constructed in 1999. (JLL)
By Hillary Engle
CoStar Research
December 10, 2019 | 10:21 P.M.

A private investor taking title as 940 Concord Parkway LLC purchased a freestanding retail building net-leased by home improvement retailer Lowe's in Concord, North Carolina, for $15.1 million, or about $112 per square foot.

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