Sherwin-Williams 3730 Jennings Dr 3,500 SF Retail Building Kalamazoo, MI 49048 $2,716,667 ($776.19/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sherwin-Williams property located in Kalamazoo, Michigan. The property was constructed speci?cally for Sherwin-Williams in 2025 with a 10-year lease that commenced in October 2025. The lease features 10% rental escalations throughout the primary term and two 5-year renewal options. The building also comes with a new 15-year roof warranty. Sherwin-Williams is an investment grade tenant with a Standard & Poor’s “BBB+” rating.
The 3,500 square-foot building is located along Gull Road, which experiences 25,400 vehicles per day. The property bene?ts from its shadow anchor position to Menards and proximity to several national retailers including ALDI, Walmart, Meijer, Tractor Supply Company, McDonald’s, Starbucks, and Fifth Third Bank. The property is also minutes from Ascension Borgess Hospital (422 beds) which draws a continual flow of traffic to the area. There are 78,000 people living within a five-mile radius of the property. Additionally, the average household income within three miles exceeds $86,000.
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.