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Sherwin Williams 1451 Keller Pky 4,500 SF Retail Building Keller, TX 76248 $3,000,000 ($666.67/SF) 5.74% Cap Rate
Executive Summary
Corporate Lease with Sherwin-Williams (NASDAQ: SHW |S&P: BBB)
Tenant Exercised Scheduled Option in December 2024 at 10% Rent Increase
Fronting Keller Parkway with Over 41,000 Vehicles Per Day
Great Ingress/Egress within the Shopping Center Development Making Access and Visibility Easy for Traffic
10% Rental Increases Every 5 Years in the Option Periods - Growing NOI Hedging Against Inflation
Sherwin-Williams 2025 Revenue was $23.57 Billion & 2025 Adjusted EBITDA Was Approximately $4.49 Billion
Rapidly Growing Trade Area – North Tarrant County Households and Population Projected to Increase Over 6.00% in the Surrounding Area by 2029
High Performing National Ranking: Placer.ai data shows the store ranks within the top ~23% of Sherwin-Williams locations nationwide for customer visits, reflecting strong market demand and tenant performance
Surrounding Retailers Include Kroger, Tom Thumb, The Home Depot, Whataburger, Walgreens, Natural Grocers, Spec’s, Chick Fil A, and Many More…
Tenant Exercised Scheduled Option in December 2024 at 10% Rent Increase
Fronting Keller Parkway with Over 41,000 Vehicles Per Day
Great Ingress/Egress within the Shopping Center Development Making Access and Visibility Easy for Traffic
10% Rental Increases Every 5 Years in the Option Periods - Growing NOI Hedging Against Inflation
Sherwin-Williams 2025 Revenue was $23.57 Billion & 2025 Adjusted EBITDA Was Approximately $4.49 Billion
Rapidly Growing Trade Area – North Tarrant County Households and Population Projected to Increase Over 6.00% in the Surrounding Area by 2029
High Performing National Ranking: Placer.ai data shows the store ranks within the top ~23% of Sherwin-Williams locations nationwide for customer visits, reflecting strong market demand and tenant performance
Surrounding Retailers Include Kroger, Tom Thumb, The Home Depot, Whataburger, Walgreens, Natural Grocers, Spec’s, Chick Fil A, and Many More…
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
B
Year Built
2014
Price
$3,000,000
Price Per SF
$666.67
Cap Rate
5.74%
NOI
$172,304
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.07 AC
Parking
105 Spaces (10 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- -
- $31.60
- Double Net
- Dec 2029
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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | - | $31.60 | Double Net | Dec 2029 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03724115 | Improvements Assessment | $0 |
| Land Assessment | $1,000 | Total Assessment | $1,000 |
Property Taxes
Parcel Number
03724115
Land Assessment
$1,000
Improvements Assessment
$0
Total Assessment
$1,000
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Sherwin Williams | 1451 Keller Pky
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