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Sherwin Williams | New 10yr Corporate Lease 16610 W Cactus Rd 4,753 SF Retail Building Surprise, AZ 85388 $4,369,000 ($919.21/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Options To Extend | Scheduled Rental Increases
- Brand New Development | Retail Corridor | Growing Community |Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
- The tenant recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,753 SF
Building Class
B
Year Built
2025
Price
$4,369,000
Price Per SF
$919.21
Cap Rate
5.15%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.86 AC
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sherwin Williams
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sherwin Williams | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Ed Beeh -
Chuck Gibson -
Robbie Petty -
SRS National Net Lease
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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MAP
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Sherwin Williams | New 10yr Corporate Lease | 16610 W Cactus Rd
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