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31454453
31454454

22191 Bushel Dr, Fairhope, AL 36532

Delaney Property Group
Listed by Delaney Property Group
$2,622,950
63 days on market
Updated 63 days ago

Sherwin Williams - Fairhope, AL

Details
Property Type Retail
Sub Type Storefront
Square Footage 4,080
Cap Rate 6.1%
NOI $160,000
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NN
Lease Term 10
Lease Expiration 02/09/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 6 - 5 year options
Price per SqFt $643
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 0.890
Investment Type Institutional
Tenant Credit Corporate Guarantee
Lease Commencement 02/09/2026
Occupancy Date 02/09/2026

Sherwin Williams - Fairhope, AL

Marketing description

Sherwin Williams at 22191 Bushel Drive, Fairhope, AL 36532 offers investors the opportunity to acquire a newly built, single-tenant net leased asset in one of Alabama’s fastest-growing markets. Completed in 2026, this 4,080 SF property sits on 0.89 acres and is secured by a new 10-year corporate-guaranteed lease from Sherwin-Williams, an investment-grade tenant (S&P: BBB). The offering features attractive passive income with $160,000 NOI and 8% rent increases every five years throughout six renewal options, providing strong long-term upside. The NN lease structure offers limited landlord responsibilities, supporting stable cash flow and reduced management burden. Strategically positioned near the signalized intersection of Highway 181 and Highway 104, the property benefits from traffic counts exceeding 23,000 vehicles per day and sits adjacent to a Publix shopping center, new multifamily development, and expanding retail corridor activity. Surrounding growth includes outparcels, Wawa, Waffle House, Foosackly’s, medical users, and hundreds of new residential units. Located in booming Fairhope within Baldwin County, this asset combines credit tenancy, new construction, and exceptional area growth into a compelling net lease investment opportunity.

Listing Contacts

Delaney Property Group
Listed by Delaney Property Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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