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33965482
33965483

2323 S. Power Road, Mesa, AZ 85209

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
EB
AZ BRO32807000
SRS Real Estate Partners Phoenix
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix
$1,961,000
2 days on market
Updated 2 days ago

Sherwin Williams

Details
APN 304-05-045M
Property Type Retail
Sub Type Retail
Square Footage 5,095
Cap Rate 5%
NOI $98,051
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NNN
Lease Term 35
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Year Built 2000
Acreage 0.460
Zoning Limited Commercial
Parking Spaces 11 spaces
Parking Per SqFt 2.16
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/01/2001
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 5.00% CAP | 5,095 SqFt

Marketing description

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: SHW), investment grade (S&P: BBB) Sherwin Williams investment property located in Mesa, Arizona (Phoenix MSA). The tenant has approximately 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property benefits from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Sherwin-Williams, which is responsible for parking lot maintenance under the lease, recently completed parking lot sealing, leaving no deferred maintenance. The Sherwin-Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products through a chain of more than 5,400 Company-operated stores and branches.

Investment highlights

  • The tenant has 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration
  • Recent capital improvements include a complete roof reseal (10-year warranty), new flooring, new ceiling tiles, and a serviced HVAC system
  • Sherwin-Williams recently completed parking lot sealing

Listing Contacts

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
EB
AZ BRO32807000
SRS Real Estate Partners Phoenix
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Phoenix

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,051.00
$8,170.92/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

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LC CommercialSpecial CommercialLimited Commercial
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Ed Beeh
License
BR032807000
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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