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Sherwin- Williams 3560 E Evergreen St 15,120 SF Office Building Springfield, MO 65803 $3,654,000 ($241.67/SF) 6% Cap Rate
Investment Highlights
- Corporate Lease: 10-year lease signed by The Sherwin-Williams Company featuring 10% rental increases every 5 years
- Brand New Building: 2026 build-to-suit construction to tenant’s latest “Floorcovering Store” prototype
- Springfield’s industrial capabilities are supported by its strategic interstate access, established manufacturing base, and growing logistics sector
- Floorcovering Store: Larger format “Floorcovering Store” location with full flooring showroom and warehouse/distribution capabilities
- Financial Strength: Sherwin-Williams FY 2025 revenues totaled $23.6 billion, up 2.1% over the previous year
- Missouri State University – the 2nd largest university in Missouri – had over 25,000 students enrolled at the Springfield campus in 2025
Executive Summary
Brand-new 10-year corporate Sherwin-Williams lease featuring 10% rental increases throughout the base term and option periods. Sherwin-Williams holds an investment grade credit rating of “BBB” from the S&P and reported $23.6 billion in revenues in FY 2025, a 2.1% increase over the previous year. This location is one of 140+ “Floorcovering Store” concepts in the Sherwin-Williams system that focuses on flooring products and services, rather than primarily paint; and has full flooring showroom and warehouse/distribution capabilities.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
15,120 SF
Building Class
C
Year Built
2026
Price
$3,654,000
Price Per SF
$241.67
Cap Rate
6%
NOI
$219,240
Tenancy
Single
Building Height
1 Story
Typical Floor Size
15,120 SF
Building FAR
0.20
Lot Size
1.78 AC
Parking
18 Spaces (1.19 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Central Heating
- Air Conditioning
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-03-205-002 | Improvements Assessment | $30,940 |
| Land Assessment | $56,860 | Total Assessment | $87,800 |
Property Taxes
Parcel Number
12-03-205-002
Land Assessment
$56,860
Improvements Assessment
$30,940
Total Assessment
$87,800
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