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Sherwin-Williams 5211 100th St SW 4,000 SF Retail Building Lakewood, WA 98499 $2,616,075 CAD ($654.02 CAD/SF) 5.50% Cap Rate

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Executive Summary

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Lakewood, WA. The property is leased to Sherwin Williams, renowned for its quality paint and coating products, and established as a trusted brand in the industry. This property is positioned on a Lowe’s Home Improvement pad site, situated in the vibrant community of Lakewood, WA. This strategic location ensures high visibility and steady foot traffic. It’s located just minutes away from Lakewood Towne Center, Lakewood’s premier shopping destination. Some of the surrounding business include Hobby Lobby, 7-Eleven, Safeway, Starbucks, IHOP and much more.
Sherwin Williams extended their Lease Term in August of 2020 showing their Commitment to the Site!

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,000 SF

Building Class

Year Built

2015

Price

$2,616,075 CAD

Price Per SF

$654.02 CAD

Cap Rate

5.50%

NOI

$143,884 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.37

Lot Size

0.25 AC

Zoning

LKWD

Parking

14 Spaces (3.5 Spaces per 1,000 SF Leased)

Frontage

90’ on 100th St SW

Manufacturing
-
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Sherwin-Williams began in 1866 when Henry Sherwin and Edward Williams opened a paint store in Cleveland, Ohio. The company expanded nationally through the late 19th century by establishing manufacturing facilities. Their business model includes three segments: Paint Stores Group for contractors, Consumer Brands Group for retail sales, and Performance Coatings Group serving industrial markets. The company operates in both professional and DIY markets through company-owned stores and third-party distributors.