Sherwin-Williams: Grass Valley, CA
Retail | 6.00% CAP | 4,603 SqFt
Marketing description
Located equidistant between Downtown Grass Valley and Nevada City, Sherwin-Williams is located at the hard-corner, signalized intersection of Nevada City Highway (12,920 VPD) and Gates Place, just feet from access to State Route 49 (36,800 VPD). The 4,603 SF building was completed in 2025 on a 1.5-acre lot. As a recent build, the property features modern infrastructure and utility systems, which typically results in lower immediate maintenance requirements and improved operational efficiency for the tenant. Commenced in 2025, Sherwin-Williams’ net lease features 9.6 years of term remaining with five, 5-year renewal options. Rent increases by 10% in 2030 during the primary term, then various rent increases in the renewal options.
Investment highlights
Filling a Need
Serving as the only Sherwin-Williams in Grass Valley and the surrounding 23-mile radius, this site captures a wide customer base with the nearest store located 40 minutes away in Auburn, CA.
Strong Retail & Commercial Corridor
Sherwin-Williams is immediately adjacent to Lumberjack’s Restaurant, Grass Valley Florist & Cruz Thru Coffee, and Fowler Center Shopping Center (Save Mart, Subway, Dutch Bros Coffee, McDonald’s, Ace Hardware, Verizon). Other nearby users include Dollar General, Quick Quack Car Wash, Starbucks Coffee, KFC, Best Western, Burger King, Taco Bell, Safeway, Wendy’s, AutoZone, CVS, Goodwill, Tractor Supply Co.,Staples and Panda Express, to name a few. In total, the site is within a 3-mile radius of 2.1 MSF of retail, 1.7 MSF of industrial, 1.7 MSF of office and 2,315 multifamily units.
Traffic Drivers
The site is proximate to several traffic drivers, including Sierra Nevada Memorial Hospital (104 beds, <1 mile southwest), Nevada Union High School (1,458 students, <1 mile west), Sierra College (enrollment: 18,000+, <1 mile west) and Nevada County Country Club (1 mile southwest).
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