Sherwin Williams | Corp NN 14640 Northwest Fwy
5,220 SF Retail Building Houston, TX 77040 $2,487,000 ($476/SF) 5.75% Cap Rate
![14640 Northwest Fwy, Houston, TX for sale - Building Photo - Image 1 of 9](https://images1.loopnet.com/i2/NreQZZphLtVHy5oDtPc2mG08IUbhLbAkdwv7xuDuTVA/110/14640-Northwest-Fwy-Houston-TX-Building-Photo-1-Large.jpg)
![14640 Northwest Fwy, Houston, TX for sale - Building Photo - Image 2 of 9](https://images1.loopnet.com/i2/AUKygrMvObnV2mL0lHsfWC-HuBtjbWaZrF17CiihPis/110/14640-Northwest-Fwy-Houston-TX-Building-Photo-2-Large.jpg)
![14640 Northwest Fwy, Houston, TX for sale - Building Photo - Image 3 of 9](https://images1.loopnet.com/i2/FossoozNeTU4xKFVvznmBmZDOrcL9d-xtfPhBLNWp3M/110/14640-Northwest-Fwy-Houston-TX-Building-Photo-3-Large.jpg)
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
(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
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
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Lorem Ipsum
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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 | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
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![Bank OZK Bank OZK](https://images1.loopnet.com/i2/NOhW2Nm4aw9lx20c7AZb2frIFQZDLjyWXTiEMfOJNuY/105/image.jpg)
![Bank Of Texas Bank Of Texas](https://images1.loopnet.com/i2/hRXNg44OFBf04ucZXFZdYzboIY5wXEEde12JDJDi5Wo/105/image.jpg)
![Comerica Comerica](https://images1.loopnet.com/i2/h8DIrlx46kKI6bJIFgYctvsIV17NBxFXclVqLZi3zyA/105/image.png)
PROPERTY TAXES
Parcel Number | 1178100010007 | Improvements Assessment | $798,725 |
Land Assessment | $456,075 | Total Assessment | $1,254,800 |