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Sherwin-Williams | 8+ Yrs | Prime Location 1608 S Broadway
5,610 SF Retail Building Saint Louis, MO 63104 $840,910 ($150/SF) 7.25% Cap Rate
Investment Highlights
- Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23 B+ in annual revenue
- Excellent Location | This Sherwin-Williams is located less than 0.25-miles from the I-55 access with 127,400 VPD
- Long Operating History | Sherwin-Williams has been operating at this location since 1986
- Located inside of dense retail corridor | 6.1M SF within a 2-mile radius
- Recent Renewal | 10-Year renewal in 2023 showing a commitment to the location
- Densely Populated | 225,977 people live within five miles of the site, and the site is surrounded by densely populated residential communities
Executive Summary
• Located inside of dense retail corridor | 6.1M SF within a 2-mile radius
• Excellent Location | This Sherwin-Williams is located less than 0.25-miles from the I-55 access with 127,400 VPD
• Large Industrial Presence | 14.6M SF within a 2-mile radius
• Prime Industrial Location | Located next to the Union Pacific Lesperance Yard. Its proximity to one of the busiest rail yards in the region provides exceptional access for businesses requiring paint solutions
• Densely Populated | 225,977 people live within five miles of the site, and the site is surrounded by densely populated residential
communities
• Long Operating History | Sherwin-Williams has been operating at this location since 1986
• Recent Renewal | 10-Year renewal in 2023 showing a commitment to the location
• Sherwin-Williams is ranked #178 on the Fortune 500 list
• E-commerce proof tenant | Paint is an e-commerce proof product and will continue to thrive through the rise of online shopping
• Sherwin-Williams is the market leader of the paint industry nationwide, is vertically integrated, and continues to outperform its competition in innovation, manufacturing, distributing, and retail
Property Facts
Amenities
- Signage
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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$9.99
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Lorem Ipsum
-
Jan 0000
The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their thousands of 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 more than many 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 | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 0704-00-0020-0 | Improvements Assessment | $80,700 |
| Land Assessment | $50,800 | Total Assessment | $131,500 |
PROPERTY TAXES
Contacts
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Dave Faris -
Gary Chou -
Matt Coates -
Calvin Short -
Aron Cline -
Berkeley Capital Advisors
Presented by
Sherwin-Williams | 8+ Yrs | Prime Location | 1608 S Broadway
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