Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$3,232,000
Sherwin-Williams | New Construction 10-Yr Lease
Details
Property Type Retail
Sub Type Storefront
Square Footage 4,500
Cap Rate 5.5%
NOI $177,774
Occupancy 100%
Tenancy Single
Brand/Tenant Sherwin-Williams
Lease Type NN
Lease Term 10
Lease Expiration 08/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2026
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2026
Ground Lease No
10% Increases | Houston MSA | Corporate Guaranty
Marketing description
A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe.
Manvel is a city in Brazoria County, Texas, part of the Houston metropolitan area and home to over 17,000 people. This rapidly growing city sits along the Highway 288 corridor south of Houston and offers small-town charm, family-friendly neighborhoods, and convenient access to one of America’s largest metropolitan areas.
Investment highlights
- New 10-Year Lease with Corporate Sherwin-Williams (NASDAQ: SHW) Guaranty
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Sherwin-Williams 2025 Revenue was Over $23.57 Billion & 2025 EBITDA Increased by 5.7% to $4.48 Billion
- New High-Quality 2026 Construction
- Located in One of the Fastest-Growing Communities in the Houston MSA - Households and Population Projected to Increase Over 15% within 1-Mile by 2030
- Adjacent to Two Large Master-Planned Communities - Approximately 8,000 Single-Family Homes at Build-Out
- Average Household Income Exceeds $141,000 within a 5-Mile Radius
- Excellent Frontage Along Morris Ave/Highway 6 (Approximately 37,000 Cars per Day)
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,774.00
$14,814.50/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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