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Sherwin Williams | New 10yr Corp NN w/ Incrs 45 Bald Cypress Ln 4,000 SF 4-Star Retail Building St Johns, FL 32259 $5,481,778 CAD ($1,370.44 CAD/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | 8% Rent Increases | Options to Extend |Established Tenant
- Surrounding Home Developments | Along Longleaf Pine Pkwy | Bartram Trail High School | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Strong Demographics 10-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend
• The lease features 8% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
• Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches
• The lease features 8% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
• Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,481,778 CAD
Price Per SF
$1,370.44 CAD
Cap Rate
5.90%
NOI
$323,414 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.32 AC
Zoning
Planned Unit Development
Parking
16 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- 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 | 000700-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $959,160 CAD | Total Assessment | $959,160 CAD |
PROPERTY TAXES
Parcel Number
000700-0020
Land Assessment
$959,160 CAD
Improvements Assessment
$0 CAD
Total Assessment
$959,160 CAD
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Sherwin Williams | New 10yr Corp NN w/ Incrs | 45 Bald Cypress Ln
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