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| Price $2,400,000 | Built/Renov 2023 | Tenant Sherwin-Williams |
| Cap Rate 5.95% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
7,600
| Lease Start
10-01-2023
| #Units
4,931
|
| Price/SF $315.79 | Expiration
09-30-2033
| Tenant Type General Retail |
| NOI $142,800 | R. Term 8.9 | Ownership Fee Simple |
| Rent/SF
$18.79
| Increases 7.4%/10/yrs | Pop 5Mi 118,164 |
| Lot/AC 1.22 | Options 5/5yrs/7.4% | AHHI 5Mi $91,252 |
| | |
Sherwin-Williams is strategically located on Franklin Street, offering convenient quick access to Bartow Road and Polk Parkway. With a combined daily traffic count of 74,300 vehicles passing by and an interchange less than a half mile north, this location is highly accessible. The subject property will be Lakeland's second Sherwin-Williams commercial paint store, serving the retail and...
...New construction
High traffic 50M+ VPD
Strategically located
Freeway visibility
Dense 100M+ pop 5 mi
Affluent suburb location
Income tax free state
Brand new lease
Traded and rated company
Corporate Guarantee
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 : | 2,257 | 47,514 | 118,391 |
| 2023 Total Population : | 2,315 | 47,569 | 118,164 |
| 2023 Employed Civilian Pop : | 1,122 | 22,188 | 54,539 |
| 2023 Total Businesses : | 163 | 1,456 | 5,323 |
| 2023 Average Household Income : | $ 66,960 | $ 92,903 | $ 91,252 |
| 2023 Total Consumer Spending : | $ 53 M | $ 1432 M | $ 3579 M |
| 2023 Median Age : | 36 | 39 | 40 |
| 2023 Total Households : | 909 | 17,800 | 45,266 |
| 2023 Pop Age 25+: Bachelor's Degree : | 283 | 6,091 | 15,921 |
| 2023 Average Home Value : | $ 185,926 | $ 268,071 | $ 277,413 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| SR 570 EB; MP 10.075 | Franklin St | 2021 | 1,000 | 0.12 mi |
| US 98/SR35/BARTOW RD | Franklin St | 2021 | 8,000 | 0.18 mi |
| Winter Lake Rd | Waterfield Rd | 2005 | 14,500 | 0.23 mi |
| SR 570 EB; MP 10.592 | Waterfield Cir | 2021 | 1,300 | 0.31 mi |
| SR 570 WB; MP 9.681 | Franklin St | 2021 | 2,000 | 0.31 mi |
| SR 570 WB; MP 10.208 | Stewart St | 2021 | 6,000 | 0.32 mi |
| US 98/SR35/BARTOW RD | Brooks St | 2021 | 2,300 | 0.32 mi |
| Winter Lake Road | Reynolds Rd | 2021 | 16,100 | 0.34 mi |
| Bartow Road | Bartow Rd | 2021 | 40,000 | 0.36 mi |
| Winter Lake Rd | Reynolds Rd | 2018 | 12,900 | 0.68 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
