Listed by MAJ Commercial Real Estate
$1,875,000
Sherwin-Williams
Details
Property Type Retail
Sub Type Storefront
Square Footage 4,000
Cap Rate 5.63%
NOI $105,600
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NNN
Lease Expiration 12/30/2030
Remaining Term 5
Year Built 2015
Lot Size (SqFt) 10,753
Ground Lease No
Ownership Fee Simple
Retail | 5.63% CAP | 4,000 SqFt
Marketing description
Maj commercial real estate is pleased to present the opportunity to acquire a single tenant net leased investment located in lakewood, wa. The property is leased to sherwin williams, renowned for its quality paint and coating products, and established as a trusted brand in the industry. This property is positioned on a lowe’s home improvement pad site, situated in the vibrant community of lakewood, wa. This strategic location ensures high visibility and steady foot traffic. It’s located just minutes away from lakewood towne center, lakewood’s premier shopping destination. Some of the surrounding business include hobby lobby, 7-eleven, safeway, starbucks, ihop and much more. Sherwin williams extended their lease term in august of 2020 showing their commitment to the site!
Sherwin-Williams Company is a
American Fortune 500 company in the
general building materials industry.
The company, with headquarters in
Cleveland, Ohio, primarily engages in
the manufacture, distribution, and sale
of paints, coatings and related products
to professional, industrial, commercial,
and retail customers primarily in the
North and South America and Europe
For 150 years, Sherwin-Williams
has been an industry leader in the
development of technologically
advanced paint and coatings. As the
nation’s largest specialty retailer of paint
and painting supplies, Sherwin Williams
is dedicated to supporting both do-ityour-selfers and painting professionals
with exceptional products; resources
to make confident color selections;
and expert, personalized service that
focuses on project needs.
Investment highlights
- Located in an Income tax free state
- Over 244,000 population Within a 5-mile radius
- Situated on a lowe’s pad site
- Tenant pays 3% of rent for Management fee
- Construction: masonry
- Landlord responsible: Roof and structure
Listing Contacts
Listed by MAJ Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,600.00
$8,800.00/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
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