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Sherwin-Williams 20255 Eva st 4,536 SF Retail Building Montgomery, TX 77356 $2,948,000 ($649.91/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Signi?cant 7% population growth over the next ?ve years (3-mile radius)
  • New 10-year lease with 10% rental escalations every ?ve years
  • Affluent community - $157,058 average household income within three miles
  • New construction
  • Rapidly expanding retail corridor – The Home Depot, Kroger, H-E-B (Future development), CVS, Starbucks, Chick-?l-A, AutoZone, Dutch Bros
  • Over 85,000 people live within a ten-mile radius

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single-tenant net-leased Sherwin-Williams property located in Montgomery, Texas, within the Houston MSA. Completed in early 2025, the property is secured by a new 10-year lease that commenced in March 2025, featuring 10% rental escalations every five years. Sherwin-Williams, a nationally recognized brand, boasts an investment-grade credit rating of BBB+ from Standard & Poor’s.
The 4,536-square-foot building is strategically located along Eva Street, a primary thoroughfare in Montgomery that sees over 20,500 vehicles per day. This asset is part of a rapidly expanding retail corridor that has attracted numerous national and regional tenants, including The Home Depot, Kroger, H-E-B (Future development), CVS, Starbucks, Chick-?l-A, AutoZone, Dutch Bros, Discount Tire, and many others. Surrounded by an affluent community, the property bene?ts from an average household income exceeding $157,000 within a three-mile radius. The broader trade area is experiencing signi?cant growth, with a population of over 85,000 within ten miles and projected 7% population growth over the next ?ve years, positioning the asset for sustained long-term demand.
Sherwin-Williams, founded in 1866, is a global leader in the development, manufacturing, and sale of paints, coatings, and related products. Headquartered in Cleveland, Ohio, the company operates more than 4,800 company-owned stores and facilities across North America, with a presence in over 120 countries. Sherwin-Williams serves a diverse customer base, including professional contractors, industrial manufacturers, and DIY homeowners, offering industry-leading brands such as Sherwin-Williams®, Valspar®, Minwax®, and Krylon®. With a strong commitment to innovation and sustainability, the company continues to expand its product offerings and improve performance across residential, commercial, and industrial applications.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,536 SF
Building Class
B
Year Built
2025
Price
$2,948,000
Price Per SF
$649.91
Cap Rate
6%
NOI
$176,904
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.57 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Sherwin-Williams
  • -
  • -
  • -
  • Mar 2035
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Sherwin-Williams - - - Mar 2035

NEARBY MAJOR RETAILERS

Dutch Bros Inc.
Mod Pizza
HOTWORX
Anytime Fitness
Starbucks
Kroger
Woodforest National Bank
Amegy Bank
Brookshire Brothers
Melting Pot
  • Listing ID: 34877203

  • Date on Market: 2/19/2025

  • Last Updated:

  • Address: 20255 Eva st, Montgomery, TX 77356

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