418-420 S 2nd St
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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.
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
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 34-044-1300-000 | Improvements Assessment | $26,740 |
Land Assessment | $32,190 | Total Assessment | $58,930 |
PROPERTY TAXES
Parcel Number
34-044-1300-000
Land Assessment
$32,190
Improvements Assessment
$26,740
Total Assessment
$58,930
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418-420 S 2nd St
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