Listed by Encore Real Estate Investment Services
$1,442,000
Sherwin Williams
Details
Property Type Retail
Sub Type Storefront
Square Footage 12,274
Cap Rate 7.75%
NOI $111,769
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 25.1
Lease Expiration 01/31/2031
Remaining Term 4.5
Rent Bumps Yes
Lease Options (2) Five-Year Options
Price per SqFt $117
Year Built 1979
Year Renovated 2006
Buildings 1
Stories 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/05/2006
Ground Lease No
Strategically Located Commercial Paint Store | 20+ Year Occupancy | Corporate Guarantee
Investment highlights
- Sherwin Williams Has Operated At The Site Since 2006 and Currently Has 5+ Years of Lease Term Remaining
- Location Operates as a Sherwin-Williams Commercial Paint Store: High-Volume, Recession-Resistant Business Model Driven by Professional Relationships and Strategically Positioned Near Contractors, Trades, and Industrial Districts
- Double Net Lease (NN) Minimal Management Responsibilities Required
- Corporate Guarantee by Sherwin Williams ‐ “BBB” ‐Standard & Poor’s Rating | Sherwin Williams ‐ NYSE:SHW
- 5 Mile Population Surrounding the Investment Property Exceeds 146,000
- Average Household Income Within 5 Miles ‐ $66,000
- Located off South Pennsylvania Avenue ‐ Over 18,500 Vehicles/Day
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,769.00
$9,314.08/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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