Sherwin Williams | 6.15% Cap | 434 N Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Sherwin Williams | 6.15% Cap 434 N Main St
4,000 SF Retail Building Goodlettsville, TN 37072 $1,854,000 ($464/SF) 6.15% Cap Rate
Investment Highlights
- Corporate Signed Lease
- Market Need - Nashville Ranked 3rd, Amongst Large Metros, in Home Building
- Nashville, TN - High Growth Market
Executive Summary
Corporate Lease with Fortune 500 Company
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
Located on Retail Corridor
- Over 988K SF of retail space located in a 1 -mile radius
- 11.3K SF of retail space is currently under construction
- The vacancy rate is around 0.4%
- Nearby National Retailer Include: Starbucks, Hardee's, and Krystal
High Growth Nashville MSA
- Nashville MSA was ranked #1 In PWC's annual US Real Estate Markets to Watch in 2024
- Approximately 98 people move to Nashville a day
Strong Market for Tenant's Need
- Nashville ranked 3rd in large metros building the most homes (construction coverage)
- ~28K home building permits authorized in 2022
- 32.8 permits authorized per 1k homes
Accessible and Visible Location
- Property fronts N. Main St (21K VPD)
- Approximately 0.75 miles to I-65 (99k VPD)
- Over 580 apartments are located within 1-mile of the site
10-Year Build-to-Suit
- New construction built with Sherwin's newest store layout
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term
- Sherwin Williams has over 4,900 locations and employs over 61K people
- Market cap of $63.89B (NYSE: SHW)
- 2022 EOY sales increased to 11.1% to a record $22.15B
Located on Retail Corridor
- Over 988K SF of retail space located in a 1 -mile radius
- 11.3K SF of retail space is currently under construction
- The vacancy rate is around 0.4%
- Nearby National Retailer Include: Starbucks, Hardee's, and Krystal
High Growth Nashville MSA
- Nashville MSA was ranked #1 In PWC's annual US Real Estate Markets to Watch in 2024
- Approximately 98 people move to Nashville a day
Strong Market for Tenant's Need
- Nashville ranked 3rd in large metros building the most homes (construction coverage)
- ~28K home building permits authorized in 2022
- 32.8 permits authorized per 1k homes
Accessible and Visible Location
- Property fronts N. Main St (21K VPD)
- Approximately 0.75 miles to I-65 (99k VPD)
- Over 580 apartments are located within 1-mile of the site
10-Year Build-to-Suit
- New construction built with Sherwin's newest store layout
- 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
B
Year Built
2023
Price
$1,854,000
Price Per SF
$464
Cap Rate
6.15%
NOI
$114,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
0.84 AC
Zoning
6ZZ - Commercial
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
209 FT on North Main Street
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 018-16-0-075 | Improvements Assessment | $405,240 |
| Land Assessment | $169,360 | Total Assessment | $574,600 |
PROPERTY TAXES
Parcel Number
018-16-0-075
Land Assessment
$169,360
Improvements Assessment
$405,240
Total Assessment
$574,600
-
David Hoppe -
Sam Young -
Ben Olmstead -
Atlantic Capital Partners
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Sherwin Williams | 6.15% Cap | 434 N Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.