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Sherwin-Williams: Grass Valley, CA 2085 Nevada City Hwy 4,603 SF Retail Building Grass Valley, CA 95945 $3,313,200 ($719.79/SF) 6% Cap Rate
Investment Highlights
- The 4,603 SF building was completed in 2025 on a 1.5-acre lot.
- Within a 3-mile radius of 2.1 MSF of retail, 1.7 MSF of industrial, 1.7 MSF of office and 2,315 multifamily units.
- Serving as the only Sherwin-Williams in Grass Valley and the surrounding 23-mile radius.
- Proximate to several traffic drivers, including Sierra Nevada Memorial Hospital, Nevada Union High School, Sierra College & Nevada County Country Club
Executive Summary
Located equidistant between Downtown Grass Valley and Nevada City, Sherwin-Williams is located at the hard-corner, signalized intersection of Nevada City Highway (12,920 VPD) and Gates Place, just feet from access to State Route 49 (36,800 VPD). Commenced in 2025, Sherwin-Williams’ net lease features 9.6 years of term remaining with five, 5-year renewal options. Rent increases by 10% in 2030 during the primary term, then various rent increases in the renewal options.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,603 SF
Building Class
C
Year Built
2025
Price
$3,313,200
Price Per SF
$719.79
Cap Rate
6%
NOI
$198,792
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.50 AC
Parking
18 Spaces (3.91 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Leah Lindell -
Abby Kelly -
Katie Goldberg -
Ian Schroeder -
CBRE, Inc.
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Sherwin-Williams: Grass Valley, CA | 2085 Nevada City Hwy
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