Sherwin Williams
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
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