loader
Join Free
Views: 14 DOM: 30 Updated: 09.05.24 Posted: 08.17.24 Status: Active

Summary

Price $1,015,000
Built/Renov 1970
Tenant Sherwin-Williams
Cap Rate 6.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,610
Lease Start 02-01-2023
#Units 4,931
Price/SF $180.93
Expiration 01-31-2033
Tenant Type General Retail
NOI $66,000
R. Term 8.4
Ownership Fee Simple
Rent/SF $11.76
Increases 7.7%/5/yrs
Pop 5Mi 225,977
Lot/AC 0.48
Options 2/5yrs/7.7%
AHHI 5Mi $73,569

Lease Highlights

  • Sherwin-Williams has been operating in this location since 1986
  • The tenant has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7.7% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Sherwin-Williams is strategically located on S Broadway, with access to 12,600 vehicles passing by daily. The property is situated less than 0.25 miles from I-55, which sees 127,400 vehicles per day. Additionally, it is adjacent to the Union Pacific Lesperance Yard, one of the busiest rail yards in the region. The 5-mile trade area supports a population of 225,977 residents with an average...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity