New Sherwin-Williams | Rapid Area Development | 701 Baptist Rd
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New Sherwin-Williams | Rapid Area Development 701 Baptist Rd
4,500 SF Retail Building Monument, CO 80132 $3,410,000 ($758/SF) 5.50% Cap Rate
Investment Highlights
- Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23B+ in annual revenue (2023)
- Strong, 10% rent increases every 5 years except for the 1st option period, which has a 5% rent increase | Excellent hedge against inflation
- Directly across the street from Jackson Creek Crossing | A King Soopers-anchored shopping center
- New, 2024 construction with Sherwin-Williams latest prototype
- New, 15-year roof warranty to be transferred to new owner at close of escrow
- Located within The District | A nearly 2,600-acre development with 2,165/3,032 single family homes and 460/756 multi-family residential units already
Executive Summary
PROPERTY HIGHLIGHTS
• Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23B+ in annual revenue (2023)
• New, 2024 construction with Sherwin-Williams latest prototype
• Long-term investment with a 10-year initial term
• Excellent access and visibility from Baptist Road which sees ±19,000 VPD
• Strong, 10% rent increases every 5 years except for the 1st option period, which has a 5% rent increase | Excellent hedge against inflation
• New, 15-year roof warranty to be transferred to new owner at close of escrow
• Directly across the street from Jackson Creek Crossing | A King Soopers-anchored shopping center
• Located just off an I-15 on-ramp/off-ramp | Boasts 100,000 VPD
• Located within The District | A nearly 2,600-acre development with 2,165/3,032 single family homes and 460/756 multi-family residential units already developed
• Directly in front of the newly developed Marq at Monument Ridge Apartment Complex | 194 units
• Walking distance to:
• The Monument Marketplace | A 660,000 SF shopping center anchored by Walmart Supercenter, Home Depot, Kohl’s, and PetSmart
• A new planned development that will include Natural Grocers, a retail storage facility, and office/warehouse facilities
• Alta 25 Luxury Apartment Development | 264-unit Class A community
• Falcon Commerce Center | A 224-acre, mixed-use development including QuikTrip, Pilot, UPS, Budweiser, among others
• About 2 miles from Lewis-Palmer High School | 1,181 students
• About 3 miles from the U.S. Air Force Academy | 4,085 cadets
• Very affluent area | Average household income exceeds $207,000 within a 5-minute drive
TENANT HIGHLIGHTS
• Sherwin-Williams is ranked #176 on the 2024 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
• The company has 5,000+ locations across 120 countries globally
• Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23B+ in annual revenue (2023)
• New, 2024 construction with Sherwin-Williams latest prototype
• Long-term investment with a 10-year initial term
• Excellent access and visibility from Baptist Road which sees ±19,000 VPD
• Strong, 10% rent increases every 5 years except for the 1st option period, which has a 5% rent increase | Excellent hedge against inflation
• New, 15-year roof warranty to be transferred to new owner at close of escrow
• Directly across the street from Jackson Creek Crossing | A King Soopers-anchored shopping center
• Located just off an I-15 on-ramp/off-ramp | Boasts 100,000 VPD
• Located within The District | A nearly 2,600-acre development with 2,165/3,032 single family homes and 460/756 multi-family residential units already developed
• Directly in front of the newly developed Marq at Monument Ridge Apartment Complex | 194 units
• Walking distance to:
• The Monument Marketplace | A 660,000 SF shopping center anchored by Walmart Supercenter, Home Depot, Kohl’s, and PetSmart
• A new planned development that will include Natural Grocers, a retail storage facility, and office/warehouse facilities
• Alta 25 Luxury Apartment Development | 264-unit Class A community
• Falcon Commerce Center | A 224-acre, mixed-use development including QuikTrip, Pilot, UPS, Budweiser, among others
• About 2 miles from Lewis-Palmer High School | 1,181 students
• About 3 miles from the U.S. Air Force Academy | 4,085 cadets
• Very affluent area | Average household income exceeds $207,000 within a 5-minute drive
TENANT HIGHLIGHTS
• Sherwin-Williams is ranked #176 on the 2024 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
• The company has 5,000+ locations across 120 countries globally
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Year Built
2024
Price
$3,410,000
Price Per SF
$758
Cap Rate
5.50%
NOI
$187,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.73 AC
Parking
23 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
145 FT on West Baptist Road
Amenities
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Sherwin-Williams
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Sherwin-Williams | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 71362-01-009 | Improvements Assessment | $0 |
| Land Assessment | $210,500 | Total Assessment | $210,500 |
PROPERTY TAXES
Parcel Number
71362-01-009
Land Assessment
$210,500
Improvements Assessment
$0
Total Assessment
$210,500
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New Sherwin-Williams | Rapid Area Development | 701 Baptist Rd
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