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109 N Yonge St
Ormond Beach, FL 32174
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed by Sherwin-Williams Company
- Located in Rapidly Growing Market
- New Roof in 2024 and Under Warranty
EXECUTIVE SUMMARY
THE ASSET
• Corporately Guaranteed by Sherwin-Williams Company
(NYSE: SHW)
• Investment Grade Credit: BBB+ (S&P) / Baa2 (Moody’s)
• Long-term lease with three (3) × 5-year options, each
featuring 8% rental increases
• NN structure – minimal landlord responsibilities
• New Roof in 2024 and Under Warranty
• Sherwin-Williams has operated at this location since 1990,
showing Strong Historical Performance.
• Placer.ai ranks the store in the Top 13% Nationally and in
Florida, reflecting Exceptional Traffic
• Tenant recently signed a 5-year renewal, Confirming Ongoing
Commitment to the site
THE FUNDAMENTALS
Exceptional Visibility and access near the corner of U.S. Hwy 1
(25,594 VPD) and W. Granada Blvd (37,694 VPD)
• Ormond Beach experiencing nearly 3% Annual Population
Growth, among the strongest in Florida
• Affluent trade area with High Household Incomes and
expanding consumer base
• Ormond Beach is part of the Daytona Beach MSA, a Rapidly
Growing Market driven by tourism, healthcare, and strong
residential development
• Benefits from year-round tourism and proximity to Daytona
Beach International Airport, I-95, and coastal resort
destinations
• Corporately Guaranteed by Sherwin-Williams Company
(NYSE: SHW)
• Investment Grade Credit: BBB+ (S&P) / Baa2 (Moody’s)
• Long-term lease with three (3) × 5-year options, each
featuring 8% rental increases
• NN structure – minimal landlord responsibilities
• New Roof in 2024 and Under Warranty
• Sherwin-Williams has operated at this location since 1990,
showing Strong Historical Performance.
• Placer.ai ranks the store in the Top 13% Nationally and in
Florida, reflecting Exceptional Traffic
• Tenant recently signed a 5-year renewal, Confirming Ongoing
Commitment to the site
THE FUNDAMENTALS
Exceptional Visibility and access near the corner of U.S. Hwy 1
(25,594 VPD) and W. Granada Blvd (37,694 VPD)
• Ormond Beach experiencing nearly 3% Annual Population
Growth, among the strongest in Florida
• Affluent trade area with High Household Incomes and
expanding consumer base
• Ormond Beach is part of the Daytona Beach MSA, a Rapidly
Growing Market driven by tourism, healthcare, and strong
residential development
• Benefits from year-round tourism and proximity to Daytona
Beach International Airport, I-95, and coastal resort
destinations
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,151 SF
Building Class
B
Year Built/Renovated
1990/2024
Price
$1,886,944 CAD
Price Per SF
$366.33 CAD
Cap Rate
6.25%
NOI
$117,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.38 AC
Zoning
C1 - Commercial
Parking
20 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 4215-14-13-0090 | Improvements Assessment | $361,903 CAD |
| Land Assessment | $117,467 CAD | Total Assessment | $479,370 CAD |
PROPERTY TAXES
Parcel Number
4215-14-13-0090
Land Assessment
$117,467 CAD
Improvements Assessment
$361,903 CAD
Total Assessment
$479,370 CAD
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