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418-420 S 2nd St

5,113 SF Retail Building Ironton, OH 45638 $360,000 ($70/SF) 7.77% Cap Rate

Investment Highlights

  • Building frontage on Adams St

Executive Summary

Investment Grade Tenant: Corporately backed lease with an investment-grade BBB credit rating (S&P) and over $20B in annual revenue.
Fortune 500 Ranked: Sherwin-Williams is ranked #178 on the Fortune 500 list.
Length of Tenancy: Sherwin Williams has been a tenant since 1991, executing five lease renewal options. Liberty Tattoo has occupied the space for over 10 years.
Prime Location: Signalized intersection with dual access from Adams St and 2nd.
Dense Retail: The site is surrounded by major retailers including Dollar Tree, Speedway, Long John Silver's, Wendy's, Holiday Inn, and CVS.
Limited Competition: Sole paint supplier for 26,000+ residents with limited local competition.
E-Commerce Resistant: Sherwin-Williams is e-commerce-proof, as paint continues to thrive amid online shopping growth.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,113 SF
Building Class
C
Year Built
1890
Price
$360,000
Price Per SF
$70
Cap Rate
7.77%
NOI
$27,966
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.27 AC
Parking
10 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
51 FT on 2nd St

Nearby Major Retailers

CrossFit
U.S. Bank
WesBanco
Liberty Bank
PNC Bank
City National Bank
Frisch's Big Boy Restaurant
Buffalo Wild Wings
FoodFair

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-044-1300-000
Land Assessment
$32,190
Improvements Assessment
$26,740
Total Assessment
$58,930
  • Listing ID: 33489416

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 418-420 S 2nd St, Ironton, OH 45638

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