3301 McHenry Ave
Modesto, CA 95350
Sherwin Williams · Retail Property For Sale

Financials and the Offering Memorandum can be found on our website using the link below. This single tenant, Double-Net (NN) corporate-guaranteed lease property is an attractive investment in Modesto, CA. The lessee, Sherwin-Williams, has occupied this space since 2009 and is currently under a lease contract set to expire on 12/31/2030 with four 5-year renewal options (summarized in OM). With current annual rent of $110,004, this property is operating at a 5.00% cap rate on actuals. Per the Double-Net lease, the tenant is responsible for real estate taxes and insurance expenses, while the landlord is responsible for the roof and structure of the building. The property is conveniently located on the corner of McHenry Ave (40,500 cars per day) and Woodrow Ave (4,803 cars per day). This high traffic volume is indicative of the population growth in Modesto (highlighted on pg. 6 of OM). Due to COVID-19, Sherwin-Williams was forced to close their stores. However, the company and its store locations have been able to operate through call-in orders and curbside pickup in order to practice social distancing, while continuing to fulfill the needs of their customers. The tenant is currently up to date with their rent payments. Financials and the Offering Memorandum can be found on our website using the link below. Call Logan: 214.736.1500 Property website: https://wallergrouphomes.com/properties/?propertyId=703855-sale #modestoapartmentsforsale #modestoinvestmentrealestate #modestoinvestmentsales