Listed by SRS Louisville, SRS National Net Lease Group
$934,000
Sherwin Williams
Details
APN 08-08-28.0-003-003-020.050
Property Type Retail
Sub Type Storefront
Square Footage 6,000
Cap Rate 7%
NOI $65,347
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NN
Lease Term 30
Lease Expiration 07/31/2031
Remaining Term 5.2
Class A
Year Built 2001
Acreage 0.590
Zoning Commercial
Parking Spaces 19 spaces
Parking Per SqFt 3.17
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2001
Ground Lease No
Ownership Fee Simple
Retail | 7.00% CAP | 6,000 SqFt
Marketing description
This single-tenant net lease investment opportunity features Sherwin-Williams, an investment-grade tenant with over 5 years remaining on their corporate-signed lease. The tenant has operated at this location for over 25 years, demonstrating their commitment to the site. Under an NN lease structure with fee simple ownership, the tenant reimburses the landlord for taxes and fire & extended coverage insurance while maintaining most aspects of the premises, creating an ideal, low management investment for a passive investor.
Investment highlights
- Sherwin-Williams Corporate signed lease
- 5+ years of remaining term
- The tenant has operated at this location for over 25 years, demonstrating their commitment to the site
Listing Contacts
Listed by SRS Louisville, SRS National Net Lease Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,347.00
$5,445.58/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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