Sherwin-Williams

9340 San Jose Boulevard, Jacksonville, FL 32257

$4,233,000

Cap Rate 6.00%

Views: 53 DOM: 178 Updated: 04.15.24 Posted: 11.21.23 Status: Active

Summary

Price $4,233,000	Built/Renov 1984	Tenant Sherwin-Williams
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 7,998	Lease Start 12-28-2018	#Units 4,859
Price/SF $529.26	Expiration 12-31-2030	Tenant Type General Retail
NOI $253,988	R. Term 6.7	Ownership Fee Simple
Rent/SF $31.76	Increases 8.0%/3/yrs	Pop 5Mi 153,597
Lot/AC 0.60	Options 3/5yrs/8%	AHHI 5Mi $95,346

Lease Highlights

Sherwin-Williams has been at this location for 30+ years
Tenant has 6+ years of term remaining with 3 (5-year) and 1 (5.75 year) renewal options
The lease features a rent increase of 8% in January 2027 and at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease | Investment grade tenant

Location Description

Sherwin-Williams is located along San Jose Boulevard (47,500 VPD), just feet from its intersection with Sunbeam Road (20,000 VPD). The site is also less than two miles from the on-ramp to Interstate 295 (139,000 VPD), a major 10-lane interstate that encircles the entirety of the city of Jacksonville. It is immediately adjacent to Advance Auto Parts and Regions Bank, with San Jose Beauclerc...

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Key Features

In location for years
Dense retail corridor
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Income tax free state
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Sherwin-Williams Wikipedia Sherwin-Williams Wikipedia Jacksonville, Florida Zip Code 32257 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Sherwin-Williams
Guarantor:Corp T and Rated
Company:Sherwin-Williams Company
# Units:4,859
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: SHW

About Tenant

The Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. Founded by Henry Sherwin and Edward Williams in 1866, the company operates through four...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	11,558	59,810	155,427
2023 Total Population :	11,668	59,636	153,597
2023 Employed Civilian Pop :	6,500	33,043	86,370
2023 Total Businesses :	926	3,720	10,392
2023 Average Household Income :	$ 93,777	$ 94,320	$ 95,346
2023 Total Consumer Spending :	$ 426 M	$ 2076 M	$ 5396 M
2023 Median Age :	41	41	40
2023 Total Households :	5,219	25,417	65,329
2023 Pop Age 25+: Bachelor's Degree :	2,143	11,098	30,659
2023 Average Home Value :	$ 317,257	$ 341,172	$ 343,734

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
San Jose Blvd	Sunbeam Rd	2001	57,500	0.15 mi
Beauclerc Rd	Kings Colony Rd	2010	7,582	0.21 mi
San Jose Boulevard	Kings Colony Rd	2022	47,500	0.23 mi
San Jose Blvd	Baymeadows Rd	2018	53,000	0.54 mi
San Jose Blvd	Kori Rd	2010	45,500	0.56 mi
San Jose Boulevard	Baymeadows Rd	2019	52,500	0.61 mi
Baymeadows Rd	Shining Oak Ct	2010	21,000	0.77 mi
San Jose Boulevard	River Hall Dr	2021	36,500	0.91 mi
San Jose Boulevard	Jose Cir E	2022	34,000	0.91 mi
Craven Road	Baymeadows Rd	2022	7,200	0.97 mi

Listing Broker

Chris Bosworth

CBRE

Contact

121 Listings
5936 Views
43 Sold

Brian Pfohl

CBRE: NLP Atlanta

Contact

122 Listings
5977 Views
41 Sold

Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Thomas Carr

CBRE: NLP Atlanta

Contact

125 Listings
6054 Views
44 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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