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1065 S Broad St
Brooksville, FL 34601
Sherwin Williams · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 10-year net lease with limited landlord responsibilities
- S&P-rated ‘BBB’ investment grade corporate guaranty
- Located on busy thoroughfare of South Broad Street (24,000 VPD), primary retail corridor in Brooksville, and north of Cortez Boulevard (32,000 VPD)
- 8% rent increase every 5 years at the start of each renewal option
- Sherwin-Williams (NYSE: SHW) reported total revenue of $23.10 billion, net income of $2.68 billion, and shareholders’ equity of $4.05 billion 12/31/24
- Strong surrounding demographics with average household income over $81,100 and population over 25,900 within five miles
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present a newly constructed, 4,000± SF freestanding Sherwin-Williams retail store in Brooksville, Florida, featuring ample on-site parking. The property is leased to The Sherwin-Williams Company for 10 years, with rent commencing on November 7, 2025. The initial annual rent of $235,000 increases by 8% at the start of each of the six, 5-year renewal options.
Strategically located on South Broad Street, one of Brooksville’s busiest corridors (24,000 VPD) and just north of Cortez Boulevard (32,000 VPD), this Sherwin-Williams site is surrounded by a strong trade area, with average household incomes exceeding $81,100 and a five-mile population of more than 25,900.
South Broad Street serves as a vital north-south arterial to downtown Tampa, while Cortez Boulevard connects east-west to Interstate 75. The intersection is surrounded by high-traffic shopping centers anchored by Winn-Dixie, Publix, Walmart Supercenter, Lowe’s, and Harbor Freight, along with nearby tenants including Culver’s, Dunkin’, KFC, Tires Plus, Bank of America, McDonald’s, Wendy’s, and AutoZone.
Positioned in the Tampa MSA’s growing northern arc, this site offers Sherwin-Williams a strong foothold in one of Florida’s fastest-growing regions, with regional connectivity just 50 minutes from Tampa International Airport and one hour from downtown Tampa.
Strategically located on South Broad Street, one of Brooksville’s busiest corridors (24,000 VPD) and just north of Cortez Boulevard (32,000 VPD), this Sherwin-Williams site is surrounded by a strong trade area, with average household incomes exceeding $81,100 and a five-mile population of more than 25,900.
South Broad Street serves as a vital north-south arterial to downtown Tampa, while Cortez Boulevard connects east-west to Interstate 75. The intersection is surrounded by high-traffic shopping centers anchored by Winn-Dixie, Publix, Walmart Supercenter, Lowe’s, and Harbor Freight, along with nearby tenants including Culver’s, Dunkin’, KFC, Tires Plus, Bank of America, McDonald’s, Wendy’s, and AutoZone.
Positioned in the Tampa MSA’s growing northern arc, this site offers Sherwin-Williams a strong foothold in one of Florida’s fastest-growing regions, with regional connectivity just 50 minutes from Tampa International Airport and one hour from downtown Tampa.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,000 SF
Year Built
2025
Construction Status
Proposed
Price
$3,760,000
Price Per SF
$940
Cap Rate
6.25%
NOI
$235,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.53 AC
Zoning
Commercial
Frontage
215’ on South Broad Street
PROPERTY TAXES
| Parcel Number | R28-422-19-0000-0070-0010 | Improvements Assessment | $0 |
| Land Assessment | $582,687 | Total Assessment | $582,687 |
PROPERTY TAXES
Parcel Number
R28-422-19-0000-0070-0010
Land Assessment
$582,687
Improvements Assessment
$0
Total Assessment
$582,687
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