PRICE REDUCED BY $112K | Sherwin-Williams
Broker Incentive: $10,000 Additional Buyside Fee
Marketing description
Earn an Additional $10,000 Buyside Fee at closing. Bring your buyers — this one won't last.
NX3 Commercial Group is pleased to present the opportunity to acquire a newly constructed Sherwin-Williams store located at 13707 Innerarity Point Road in Pensacola, Florida. Delivered in 2024, this ±4,000 SF freestanding asset is secured by a new 10-year double-net lease with 8 years and 9 months remaining, backed by Sherwin-Williams Company (NYSE: SHW) — an investment-grade tenant with over 5,000 locations worldwide, and $23B in annual revenue.
Strategically positioned in a high-traffic corridor (±9,200 VPD) with national co-tenancy including Publix, CVS, and ACE Hardware, the property benefits from excellent visibility and long-term retail synergy. The tenant identified this site as a mission-critical location to expand coverage in an underserved submarket.
With 10% rent escalations during option periods, minimal landlord obligations, and location in a tax-free state, this offering delivers a passive, income-generating investment anchored by elite credit in a high-demand Gulf Coast market.
Investment highlights
- ***BROKER INCENTIVE*** $10,000 Additional Buyside Fee payable to the procuring co-broker upon a successfully closed transaction.
- Sherwin-Williams has executed a brand-new 10-year double-net lease (with 9 years remaining), reflecting its long-term commitment to this Pensacola location. Backed by an investment-grade corporate guaranty (NYSE: SHW), this asset offers highly secure, passive income from a bluechip national retailer with over $23 billion in revenue.
- The ±4,000 SF building was delivered in 2024, offering zero deferred maintenance, efficient design, and high visibility on a key arterial. The asset reflects Sherwin-Williams' latest retail specifications and market positioning strategy.
- Minimal landlord responsibilities limited to roof and structure. The lease includes three (3) 5-year renewal options with 10% rental escalations at each extension, providing possible strong long-term income growth and inflation hedging.
- Strategically positioned along Innerarity Point Road (±9,200 VPD), the site is surrounded by Publix, ACE Hardware, CVS, and multiple QSR tenants. The location serves as a dominant retail corridor for the growing western Pensacola submarket and nearby Gulf Coast communities.
- Located in a no state income tax jurisdiction, the offering provides superior after-tax returns. The surrounding area features strong demographics, expanding residential developments, and steady Gulf Coast tourism, supporting long-term tenant success and property value.
- Sherwin-Williams strategically selected this site to expand coverage in a trade area with limited brand presence and growing residential demand. The store fills a notable void in the market, increasing its long-term operational value and retention likelihood.
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