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Sherwin Williams | Recent Improvements 2323 S Power Rd 5,095 SF Retail Building Mesa, AZ 85209 $2,787,032 CAD ($547.01 CAD/SF) 5% Cap Rate
Investment Highlights
- Corporate Guaranteed (NYSE: SHW | S&P: BBB) | Below Market Rent Recent Capital Improvements | No Renewal Options Remaining
- Frontage on S. Power Road (38K+ VPD) | Dense Retail Corridor | Accessible from Hwy 60 (173K VPD)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-mile Trade Area | Phoenix MSA
Executive Summary
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed
(NYSE: SHW), investment grade (S&P: BBB) Sherwin Williams investment property located in Mesa, Arizona (Phoenix MSA). The tenant has approximately 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property benefits from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Sherwin-Williams, which is responsible for parking lot maintenance under the lease, recently completed parking lot sealing, leaving no deferred maintenance. The Sherwin-Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products through a chain of more than 5,400 Company-operated stores and branches.
(NYSE: SHW), investment grade (S&P: BBB) Sherwin Williams investment property located in Mesa, Arizona (Phoenix MSA). The tenant has approximately 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property benefits from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Sherwin-Williams, which is responsible for parking lot maintenance under the lease, recently completed parking lot sealing, leaving no deferred maintenance. The Sherwin-Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products through a chain of more than 5,400 Company-operated stores and branches.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,095 SF
Building Class
C
Year Built
2000
Price
$2,787,032 CAD
Price Per SF
$547.01 CAD
Cap Rate
5%
NOI
$139,353 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.46 AC
Zoning
LC - Limited Commercial
Parking
11 Spaces (2.16 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-05-045M | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $152,607 CAD |
Property Taxes
Parcel Number
304-05-045M
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$152,607 CAD
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Sherwin Williams | Recent Improvements | 2323 S Power Rd
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