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Sherwin Williams 13707 Innerarity Point rd 4,000 SF 4-Star Retail Building Pensacola, FL 32507 $2,470,000 ($617.50/SF) 5.75% Cap Rate
Investment Highlights
- Brand-new 2024 construction with ±4,000 SF building and modern Sherwin-Williams prototype.
- Passive investment with minimal landlord responsibilities (roof & structure only).
- Surrounded by national tenants incl. Publix, CVS, ACE Hardware, and Burger King.
- New 10-year NN lease with 8.9 years remaining; backed by Sherwin-Williams (NYSE: SHW).
- Located in tax-free Florida; strong demographics and growing Gulf Coast demand.
- 10% rent increases during each of three 5-year renewal options.
Executive Summary
NX3 Commercial Group is pleased to present the opportunity to acquire a newly constructed Sherwin-Williams store located at 13707 Innerarity Point Road in Pensacola, Florida. Delivered in 2024, this ±4,000 SF freestanding asset is secured by a new 10-year double-net lease with 8.9 years remaining, backed by Sherwin-Williams Company (NYSE: SHW) — an investment-grade tenant with over 5,000 locations worldwide, and $23B in annual revenue.
Strategically positioned in a high-traffic corridor (±9,200 VPD) with national co-tenancy including Publix, CVS, and ACE Hardware, the property benefits from excellent visibility and long-term retail synergy. The tenant identified this site as a mission-critical location to expand coverage in an underserved submarket.
With 10% rent escalations during option periods, minimal landlord obligations, and location in a tax-free state, this offering delivers a passive, income-generating investment anchored by elite credit in a high-demand Gulf Coast market.
Strategically positioned in a high-traffic corridor (±9,200 VPD) with national co-tenancy including Publix, CVS, and ACE Hardware, the property benefits from excellent visibility and long-term retail synergy. The tenant identified this site as a mission-critical location to expand coverage in an underserved submarket.
With 10% rent escalations during option periods, minimal landlord obligations, and location in a tax-free state, this offering delivers a passive, income-generating investment anchored by elite credit in a high-demand Gulf Coast market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$2,470,000
Price Per SF
$617.50
Cap Rate
5.75%
NOI
$141,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.83 AC
Zoning
Com
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sherwin-Williams
- Retailer
- 4,000 SF
- -
- Double Net
- Feb 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sherwin-Williams | Retailer | 4,000 SF | - | Double Net | Feb 2034 |
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-3S-32-0100-000-080 | Improvements Assessment | $0 |
| Land Assessment | $101,587 | Total Assessment | $101,587 |
Property Taxes
Parcel Number
14-3S-32-0100-000-080
Land Assessment
$101,587
Improvements Assessment
$0
Total Assessment
$101,587
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Sherwin Williams | 13707 Innerarity Point rd
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