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Sherwin Williams 3606 Johnson ave 4,536 SF Retail Building Jonesboro, AR 72401 $2,867,000 ($632.05/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-year corporate lease featuring 10% rental increases every 5 years throughout the base term and options
- Lease is backed by tenant’s parent company – The Sherwin-Williams Company
- Nearby NEA Baptist Memorial Hospital is a 228-bed facility that employs roughly 1,870 local medical professionals and support staff
- 2025 build-to-suit construction to tenant’s latest prototype
- Subject property features significant frontage on E Johnson Ave – 32,000+ VPD
- Just 2 miles from Arkansas State University – ~15,000 students
EXECUTIVE SUMMARY
A corporate net leased Sherwin Williams with a 10-year base term lease featuring 10% rental increases every 5 years and five, 5-year extension options with the same escalators. The subject property benefits from having significant frontage on E Johnson Avenue, being exposed to over 32,000 vehicles per day.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
4,536 SF
Year Built
2025
Construction Status
Under Construction
Price
$2,867,000
Price Per SF
$632.05
Cap Rate
6%
NOI
$172,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
NEARBY MAJOR RETAILERS
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Sherwin Williams | 3606 Johnson ave
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