PPG Paints | Southfield, MI.
Retail | 7.00% CAP | Eight Years Remaining
Marketing description
The CBRE team of Dave Hesano and Phil Sprague are proud to present this generational asset for sale to qualified investors. Having operated from this Southfield, MI location for over three decades, PPG Paints has approximately eight (8) years of remaining lease term. The Landlord is responsible for the roof and structure, with the Tenant being responsible for all other maintenance and improvements. According to Placer.ai, this is a high-performing PPG store which ranks first among all locations in Michigan. PPG sells premium interior and exterior paints, epoxy floor finishes, and powder-coating materials to customers across the state from this Southfield location. The building was constructed in phases and it has varying ceiling heights. The facility features two overhead doors, a newer warranted roof, and is fully air-conditioned.
PPG is a global leader in paints and coatings that operates in over 70 countries. Full year sales for 2025 were approximately $15.8B USD.
This investment property is being offered at an asking price of $1,886,000 (7.00% capitalization rate)
Investment highlights
- Top PPG location in Michigan (Placer.ai)
- Corporate lease with Pittsburgh Paint Co.
- Eight (8) years of remaining lease term
- Convenient location for both contractors and surrounding homeowners
- Recent five (5) year extension
- PPG tenancy since 1993
- Rent escalations
- Telegraph Rd. has a traffic count of 100,575 VPD
- Limited Landlord responsibilities
- Priced near the value of comparable vacant buildings
- New, warrantied roof
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