350 N Gates Dr
Bloomington, IN 47404

CBRE is pleased to exclusively offer a 137,391-square-foot freestanding Lowe’s Home Improvement situated on 13.17 acres in Bloomington, Indiana (MSA Population: 167,825). Home to Indiana University (Enrollment: 43,710), Bloomington is centrally located approximately 50 miles southwest of Indianapolis and 90 miles northwest of Louisville, KY. Built in 1998, Lowe’s recently signed a 10-year lease extension, demonstrating their continued commitment to this location. The lease also features 5% rent escalations in each of the eight 5-year options to renew. Upon the execution of the lease extension, the tenant also agreed to be responsible for the maintenance, repair and replacement of the roof. The property is ideally situated with excellent frontage and visibility just off SR-45 (Traffic Count: 39,394 VPD)—the area’s primary artery that provides access to Indianapolis. Lowe’s is also an anchor to Whitehall Crossings—a 542,324-square-foot power center that is also occupied by Kohl’s, Bed Bath & Beyond, PetSmart, TJ Maxx, Michael’s, Office Depot, Dollar Tree, Shoe Carnival, Aspen Dental, Pep Boys, Chase Bank, Cracker Barrel, Olive Garden, O’Charley’s, Smokey Bones, Wendy’s and Starbucks, among many others. In addition, Lowe’s benefits from its location within the area’s primary retail and commercial corridor with 3.9 MSF of retail, 3.1 MSF of office, 6.4 MSF of industrial, and 8,378 multifamily units within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include Walmart Supercenter, Sam’s Club, Rural King, Menards, Big Lots, JOANN Fabrics, Fresh Thyme, Kroger, ALDI, Goodwill, AutoZone, CVS, Outback Steakhouse, Bob Evans, Verizon and White Castle, among many others. Lowe’s is also situated proximate to some of the area’s main points of interest including Cook Medical Group’s Headquarters (1.8 miles to the west), Ivy Tech Community College (1.8 miles to the west), and Indiana University (3.5 miles to the northeast). Additionally, Lowe’s benefits from attractive demographics with a population of 51,954 and an average household income of $41,892 within a 3-mile radius.