Listed by Bang Realty, Trinity Real Estate Investment Services
$1,101,535
Sherwin-Williams Paint Store – 31% Increase in Primary Term
Details
Property Type Retail
Sub Type Storefront
Square Footage 5,829
Cap Rate 5.32%
NOI $58,620
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NN
Lease Term 51.6
Lease Expiration 04/30/2036
Remaining Term 9.9
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $189
Year Built 1960
Acreage 2.180
Lease Commencement 09/25/1984
Ground Lease No
Retail | 5.32% CAP | 5,829 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Sherwin-Williams Paint Store in Bartlesville, OK. This property is located in the main commercial corridor with a NN lease featuring 10+ years remaining, a significant 31% rent increase in May 2031, and steady 10% option escalations thereafter.
Property Website: https://trinityreis.com/listing/619-se-washington-blvd/
In cooperation with Brian Brockman at Bang Realty-Oklahoma Inc | OK #177814 | [email protected] | (513) 898-1551
Investment highlights
- Sherwin-Williams Paint Store in Bartlesville's Main Commercial Corridor
- NN Lease With 10+ Years Remaining on Current Term
- Significant 31% Rent Increase in May 2031, Followed by Steady 10% Option Escalations
- 40+ Years of Operating History Showing Tenant Commitment to Location
- Large 2.179-Acre Parcel Offering Ample Space for Operations and Future Flexibility
- Recently Replaced Parking Lot. No Near-Term Capital Expenditure Required
- High‑Traffic Location at the Intersection of Hwy 75 and SE Adams Blvd With 43,000+ Combined VPD
- Prime Retail District With Anchors Including Walmart, Hobby Lobby, Planet Fitness, and Five Below
- 43,000+ 5 Mile Population – Surrounded by Residential Properties With Strong Built-In Customer Base
Listing Contacts
Listed by Bang Realty, Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$58,620.00
$4,885.00/mo
Valuation Metrics
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DSCR
5.32%
Cap Rate
5.32%
ROI
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