3817 E Covington Ave
Post Falls, ID 83854
New Sherwin Williams Rent Bumps Every 5 years · Retail Property For Sale
Investment Highlights
- Brand New Sherwin Williams (NYSE:SHW) net lease build-to-suit
- Rent bumps every 5 years (9.4% rent increase beginning Year 6 of primary term)
- ESSENTIAL BUSINESS and currently OPEN and OPERATING
- 2020 commencement: 10 year primary term with Three 5-yr options
- S&P rated investment grade tenant: BBB
- High growth market located off I-90 between Spokane, WA and Coeur d’Alene, Idaho
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Air Conditioning
About 3817 E COVINGTON AVE , POST FALLS, ID 83854
LemRx Realty Advisors is pleased to present the recently completed “build to suit” for Sherwin-Williams (NYSE:SHW) located at 3817 E Covington Ave. Post Falls, Idaho. This 1+ acre lot (adjacent to Starbucks and new 22,000 sf. Hardwick’s relocation store, just .5mi from the nearby Walmart) sits in the path of progress of a growing retail trade area. The 4,000 sf. building was completed in Dec. 2019. The lease commenced in Jan. 2020 with a 10 year primary term and Three 5-yr options to extend. There are rental increases every 5 years throughout the primary and option terms of the lease. The first rental increase of approx. 9.4% begins Year 6 of the primary term. During these times Sherwin-Williams remains open as an Essential Business. CONTACT: Jason Witt Ph:925.683.4489 Email: Jason.witt@lemrx.com
Property Taxes
| Parcel Number | P6380001002A | Improvements Assessment | $541,279 |
| Land Assessment | $863,417 | Total Assessment | $1,404,696 |
Property Taxes
