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103 Alabama St
Columbus, MS 39702
Sherwin Williams | New 10-Year Lease | S&P A · Retail Property For Sale
Property Facts
About 103 ALABAMA ST , COLUMBUS, MS 39702
SRS National Net Lease Group is pleased to present the opportunity to acquire Sherwin Williams, a corporate guaranteed, net leased, investment property located in Columbus, Mississippi. The tenant, Sherwin Williams, recently extended their lease to a new 10-year term with 5 (5-year) option periods. The lease features 8% rental increases at the beginning of each option period, which generates NOI growth and hedges against inflation. Sherwin Williams is located near the signalized, hard corner intersection of Alabama St and Idlewild Rd (31,000 vehicles per day) with excellent visibility. Nearby national/credit tenants include Food Giant, Rite-Aid, Family Dollar, Dollar Tree, AutoZone and more, increasing consumer draw to the trade area. In addition, within a 5-mile radius over, 38,000 residents ($48,000 average household income) and 23,500 employees support the trade area.
Property Taxes
| Parcel Number | 62W10-02-00800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,435 |
Property Taxes
