Single-Tenant Net Leased Sherwin-Williams Investment

Withdrawn Retail-Commercial for Sale
Catylist Listing ID: 29983620
Property Subtypes: Free-Standing Building
Building Size (RSF): 10,000 SF
Gross Land Area: 0.44 Acres
Sale Price: $600,000
Unit Price: $60 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sherwin-Williams
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 12/5/2016
Last Updated: 12/5/2016

Overview / Comments

SVN/Stewart Commercial Group, and SVN/The Urbanek Group are pleased to exclusively market for sale a net leased Sherwin-Williams property located in downtown Berlin on the major retail thoroughfare. The location features long term stability and will be sold free and clear of debt.

This is a single-tenant retail property with S&P "A" rated Sherwin-Williams. Sherwin-Williams has a net-lease which started in 1989 and expires in December, 31st 2019. Minimal landlord responsibilities. Sherwin-Williams pays for taxes, insurance, utilities, and maintenance. Sherwin-Williams has two, 5 yr renewal options remaining w/ 10% rent increases extending until 2029.

The Sherwin-Williams Company is a Fortune 500 company with Annual Revenue exceeding $10 Billion. It's Paint Stores Group segment operates over 4,000 company-operated specialty paint stores. Known for its line of high quality paints and finishes Sherwin-Williams is a global leader in the manufacture and sale of professional grade coatings and in March of 2016 announced the $9 Billion acquisition of Valspar.

PROPERTY HIGHLIGHTS

- S&P "A-" Rated Tenant Sherwin-Williams (NYSE: SHW) Corporate Guarantee

- Minimal Landlord Responsibilities ( Roof & structure)

- 7.4% Cap Rate

- NOI $44,400

- $600,000 Asking Price

• S&P "A" Rated Tenant Sherwin-Williams (NYSE: SHW) Corporate Guarantee
• Minimal Landlord Responsibilities (Roof & Structure)
• 7.4% Cap Rate
• NOI $44,400
• $600,000 Asking Price

Additional Details

Nearest MSA: Berlin
County: Coos
Tax ID/APN: 000118000159000000
Area Description: Single-tenant Net Leased retail property. In downtown Berlin, New Hampshire at the intersection of Glen Ave (Main St./NH 16) and Pleasant Street, another main thoroughfare in town. Great visibility and access, ample parking, and a pitched roof. Many national retailers are located on the same drive as the subject property, including, Walmart, Verizon, NAPA Auto Parts, Citizens Bank, Family Dollar, Dunkin Donuts, and Rite Aid.
Tenancy: Single Tenant


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,884 8,316 11,810
Median Age: 43.16 44.12 44.97
Households: 1,398 3,403 4,959

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