Log In/Sign Up
Your email has been sent.
Sherwin Williams | New 10yr Corp NN 1316 Silver Heights Blvd 2,720 SF Retail Building Silver City, NM 88061 $897,577 CAD ($329.99 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Lease Extension | 4 (5-Year Options | Long Term Operating History | Extensive Tenant Improvements
- Nearby National/Credit Tenants | Direct Consumer Base | Signalized, Hard Corner Intersection (28,400 VPD)
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, corporate guaranteed (NYSE: SHW), investment grade (S&P: BBB), investment property located in Silver City, New Mexico. The tenant, Sherwin Williams Co., has occupied the site for 20 years and recently signed a brand new 10 year lease extension with 4 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the extension term and at the beginning of each option, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The seller made a substantial investment into a new roof, HVAC, drainage, and insulation to be installed by November 2025. Founded in 1866, Sherwin Williams is a global leader in the manufacture, development, distribution, and sale of paint and paint related products sold exclusively through a chain of more than 5,000 Company-operated stores and branches.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,720 SF
Building Class
C
Year Built
1950
Price
$897,577 CAD
Price Per SF
$329.99 CAD
Cap Rate
7%
NOI
$62,816 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
7 Spaces (2.57 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3081102160526 | Improvements Assessment | $79,813 CAD |
| Land Assessment | $21,308 CAD | Total Assessment | $101,121 CAD |
PROPERTY TAXES
Parcel Number
3081102160526
Land Assessment
$21,308 CAD
Improvements Assessment
$79,813 CAD
Total Assessment
$101,121 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Sherwin Williams | New 10yr Corp NN | 1316 Silver Heights Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.