Listed by Capacity Commercial Group
$2,599,000
Sherwin Williams
Details
APN R2079051
Property Type Retail
Sub Type Storefront, Sherwin Williams
Square Footage 3,500
Units 1
Cap Rate 5.9%
NOI $153,300
Occupancy 100%
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NNN
Remaining Term 6
Lease Options 3 & 5 Year
Class A
Year Built 2019
Buildings 1
Stories 1
Acreage 0.470
Zoning CBD
Parking Spaces 14 spaces
Parking Per SqFt 4.00
Investment Type Net Lease
Lease Commencement 05/30/2022
Ground Lease No
REDUCED PRICING | 3,500 SF Single Tenant Net Lease Investment Opportunity
Marketing description
Built-to-Suite Sherwin Williams • Off-Street Parking
Building Size: 3,500 SF
Lot Size: ±20,473 SF (±0.47 AC)
Zoning: Community Business District (CBD)
Parking: 14 Off-Street Spaces (4:1000)
Sale Price: $2,599,000
CAP Rate: 5.90%
NOI over Remaining Term: $153,300
Investment highlights
5.90% CAP Rate Over Remaining Term
Completed and Opened in March of 2022
Approximately 6 Years on the Lease Remaining with 3 and 5-year Options
Rent Increases from 12.5% – 15%
Investment Grade Tenant with BBB Rating From S&P
Listing Contacts
Listed by Capacity Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,300.00
$12,775.00/mo
Valuation Metrics
0
DSCR
5.9%
Cap Rate
5.9%
ROI
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