Sherwin Williams | Corp NN 14640 Northwest Fwy

5,220 SF Retail Building Houston, TX 77040 $2,487,000 ($476/SF) 5.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • Corporate Guaranteed NN Lease | Options To Extend
  • Located Along Major Houston Thoroughfare
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a free standing, investment grade
(S&P: BBB) Sherwin Williams property located in Houston, Texas. The tenant, Sherwin Williams Co. has nearly 10 years remaining on an original 18.5 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN, limiting the landlord responsibilities to the roof and structure of the property.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,220 SF
Building Class
C
Year Built
2014
Price
$2,487,000
Price Per SF
$476
Cap Rate
5.75%
NOI
$143,022
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.70 AC
Zoning
Commercial
Parking
4.98 Spaces per 1,000 SF Leased

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Rudy's BBQ
Bank OZK
Bank Of Texas
Comerica

PROPERTY TAXES

  • Listing ID: 30723493

  • Date on Market: 1/16/2024

  • Last Updated:

  • Address: 14640 Northwest Fwy, Houston, TX 77040