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Sherwin-Williams

2112 AZ-95, Bullhead City, AZ 86442

$900,000

Cap Rate 6.00%

Views: 130 DOM: 169 Updated: 06.25.24 Posted: 06.07.24 Status: Active

Summary

Price $900,000
Built/Renov 1979
Tenant Sherwin-Williams
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 4,348
Lease Start 05-05-1997
#Units 4,931
Price/SF $206.99
Expiration 10-31-2027
Tenant Type General Retail
NOI $53,976
R. Term 2.11
Ownership Fee Simple
Rent/SF $12.41
Increases 0.0%/0/yrs
Pop 5Mi 46,298
Lot/AC 0.32
Options 1/5yrs/12%
AHHI 5Mi $61,846

Patrick Luther
SRS National Net Lease Group
Contact

Matthew Mousavi
SRS National Net Lease Group
Contact

Lease Highlights

  • Sherwin-Williams has been operating in this location since 1997
  • The tenant has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features a 12% rental escalation at the start of the remaining option
  • Corporate guarantee | Investment grade tenant

Location Description

Sherwin Williams is strategically located on State Highway 95, a major retail thoroughfare, with access to 32,500 vehicles passing by daily. The property is conveniently situated less than one mile from two of Bullhead City’s largest shopping centers, City Square Shopping Center and Riverview Mall, which feature well-known national tenants including Hobby Lobby, Big Lots, CVS Pharmacy, KFC,...

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Key Features

  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Long operation history

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

Sherwin-Williams Wikipedia Sherwin-Williams Wikipedia Bullhead City, Arizona Zip Code 86442 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Sherwin-Williams
  • Guarantor:Corp T and Rated
  • Company:Sherwin-Williams Company
  • # Units:4,931
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: SHW

About Tenant

The Sherwin-Williams Company (NYSE: SHW) is an American Fortune 500 company in the general building materials industry. Founded by Henry Sherwin and Edward Williams in 1866, the company operates...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,377 36,693 47,382
2024 Total Population : 6,504 36,860 47,687
2024 Employed Civilian Pop : 2,495 14,245 18,041
2024 Total Businesses : 419 1,158 1,510
2024 Average Household Income : $ 61,331 $ 66,638 $ 72,506
2024 Total Consumer Spending : $ 161 M $ 1018 M $ 1445 M
2024 Median Age : 54 54 56
2024 Total Households : 2,917 17,005 22,260
2024 Pop Age 25+: Bachelor's Degree : 549 2,528 3,484
2024 Average Home Value : $ 226,773 $ 243,880 $ 289,050
*ESRI data is presented for informational purposes only

Listing Broker

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