Driving Long-Term Value Through Proactive Tenant Engagement
Creating Stability With Strategic Execution
Proactively managing lease expirations is critical to protecting income durability, minimizing vacancy risk and preserving long-term value. At GNL, our experienced team takes a hands-on, data-informed approach to lease management, engaging early with tenants to identify renewal opportunities, restructure terms when appropriate and extend lease duration. This proactive, partnership-driven strategy not only deepens tenant relationships but also enhances portfolio stability, improves cash flow and helps maintain high occupancy across economic cycles.
Strategy in Action – Lowe’s
GNL owns five retail properties leased to Lowe’s, totaling over 670,000 square feet. In 2023, with approximately seven years remaining on the leases and only short renewal options in place, GNL engaged with Lowe’s to restructure and extend the lease terms. The result was a 13-year extension on each property, resetting all five locations to new 20-year lease terms.
Active Management
This proactive approach led to a win-win outcome—providing long-term continuity and operational security for Lowe’s, while significantly increasing income visibility and weighted average lease term for GNL’s portfolio.
5
Locations
670K+
Square Feet
20 year
Long-Term Lease Extensions
Benefits for the Tenant:
- Retained long-term control of critical distribution sites
- Avoided future lease rollover risk
- Partnered with a responsive landlord focused on operational continuity
Benefits for GNL:
- Extended average lease duration by 13 years at each location
- Locked in long-term rental income with a creditworthy tenant
- Proactively mitigated future vacancy risk
“By engaging early and working collaboratively, GNL structured a true win-win lease renewal. Lowe’s gained long-term continuity across key locations, while GNL secured predictable, long-term rental income from a great tenant.”
– Tyler Vining, Partner, Atlantic Corporate Services