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Sherwin Williams | New 10yr Corp NN w/ Incrs 1 Dalfonso Rd 12,825 SF Retail Building Newburgh, NY 12550 $5,816,799 CAD ($453.55 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Sherwin Williams corporate guaranteed lease – Investment Grade Credit
- Hub Store featuring larger footprint, higher projected sales volumes, regional importance, and more defensible location | Estimated Jan. 2026 opening
- Located along State Highway 17K (16,900 VPD)
- Brand new 10-year lease with 4 (5-year) option periods to extend | 10% rental increases every five years and at the beginning of each option period
- New Parking Lot overlay, Exterior Re-paint, Full Interior Remodel, and HVAC with transferable 10-year Warranties
- Anchored by national/credit tenants including Target, Lowe’s Home Improvement, The Home Depot, Walmart Supercenter, Kohl’s, ALDI, and more
EXECUTIVE SUMMARY
• Sherwin Williams corporate guaranteed lease
• Brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every five years and at the beginning of each option period, growing NOI and hedging against inflation
• Estimated Jan. 2026 opening, lease has commenced with no remaining contingencies, Owner to consider sale prior to Tenant opening and provide a rent credit to Buyer
• Brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every five years and at the beginning of each option period, growing NOI and hedging against inflation
• Estimated Jan. 2026 opening, lease has commenced with no remaining contingencies, Owner to consider sale prior to Tenant opening and provide a rent credit to Buyer
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,825 SF
Building Class
B
Year Built
2025
Price
$5,816,799 CAD
Price Per SF
$453.55 CAD
Cap Rate
6%
NOI
$349,008 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.06 AC
Frontage
204’ on New York 17K
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sherwin Williams
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sherwin Williams | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 334600-097-000-0001-027.210-0000 | Improvements Assessment | $384,636 CAD |
| Land Assessment | $201,805 CAD | Total Assessment | $586,441 CAD |
PROPERTY TAXES
Parcel Number
334600-097-000-0001-027.210-0000
Land Assessment
$201,805 CAD
Improvements Assessment
$384,636 CAD
Total Assessment
$586,441 CAD
CONTACTS
-
Kyle Fant -
Britt Raymond -
Matthew Mousavi -
Patrick Luther -
SRS Real Estate Partners
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Sherwin Williams | New 10yr Corp NN w/ Incrs | 1 Dalfonso Rd
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