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| Price $2,487,000 | Built/Renov 2014 | Tenant Sherwin-Williams |
| Cap Rate 5.75% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
5,220
| Lease Start
01-11-2015
| #Units
4,931
|
| Price/SF $476.44 | Expiration
07-01-2033
| Tenant Type General Retail |
| NOI $143,022 | R. Term 8.6 | Ownership Fee Simple |
| Rent/SF
$27.40
| Increases 10.0%/1/yrs | Pop 5Mi 292,057 |
| Lot/AC 0.70 | Options 4/5yrs/10% | AHHI 5Mi $88,430 |
| | |
The Sherwin Williams is located near the signalized, hard corner intersection of Northwest Fwy and Gessner Rd. with a combined 48,300 vehicles passing daily. Northwest Fwy is the major retail thoroughfare serving the city of Houston, which features national/credit tenants including McDonald’s, Chick-fil-A, Wingstop, Chipotle, Panera Bread, Raising Cane’s, Home Depot, Target, LA Fitness, and a...
...Dense retail corridor
Freeway visibility
Highway close
Top 100 MSA
Strong demographics
Income tax free state
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,871 | 80,485 | 292,393 |
| 2023 Total Population : | 3,917 | 80,353 | 292,057 |
| 2023 Employed Civilian Pop : | 1,710 | 40,086 | 145,141 |
| 2023 Total Businesses : | 840 | 5,029 | 12,858 |
| 2023 Average Household Income : | $ 78,447 | $ 98,034 | $ 88,430 |
| 2023 Total Consumer Spending : | $ 89 M | $ 2479 M | $ 7961 M |
| 2023 Median Age : | 32 | 36 | 34 |
| 2023 Total Households : | 1,295 | 29,223 | 103,440 |
| 2023 Pop Age 25+: Bachelor's Degree : | 327 | 12,484 | 38,819 |
| 2023 Average Home Value : | $ 176,367 | $ 272,753 | $ 287,543 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Windfern Ln | Northwest Fwy | 2011 | 4,660 | 0.10 mi |
| Gessner Dr | Northwest Fwy | 2013 | 20,719 | 0.16 mi |
| W Little York Rd | Windfern Ln | 2011 | 21,500 | 0.18 mi |
| Gessner Road | 2011 | 17,950 | 0.18 mi | |
| Windfern Rd | Northwest Fwy | 2011 | 2,500 | 0.20 mi |
| Gessner Dr | Northwest Fwy | 2001 | 12,960 | 0.26 mi |
| Yorktown Plaza Dr | Gessner Dr | 2011 | 1,350 | 0.34 mi |
| Concord Park Dr | Yorktown Plz Dr | 2011 | 2,230 | 0.43 mi |
| Gessner Dr | Hempstead Rd | 2011 | 19,360 | 0.43 mi |
| West Little York Road | Empire Central Dr | 2019 | 20,988 | 0.44 mi |
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R. Term 9.90 yrs
Size/SF 54,521
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
