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Sherwin-Williams - Davenport FL 38435 US-27 4,000 SF Retail Building Davenport, FL 33837 $3,980,800 ($995.20/SF) 5.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | 8% Rent Increases | Options to Extend |Established Tenant
- Signalized, Hard Corner Intersection | Cross Access w/ Gas Station | Surrounding Home Developments
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Demographics In 5-mile Trade Area | Annual Population Growth
EXECUTIVE SUMMARY
The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend
The lease features 8% rental increases every 5 years beginning in the option period
Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches
Situated on an oversized 1.38 acre parcel which provides flexibility in future redevelopment potential
The lease features 8% rental increases every 5 years beginning in the option period
Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches
Situated on an oversized 1.38 acre parcel which provides flexibility in future redevelopment potential
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2025
Price
$3,980,800
Price Per SF
$995.20
Cap Rate
5.90%
NOI
$234,867
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.38 AC
Zoning
C-3 - Commercial Highway
Parking
16 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 27-27-05-726000-040170 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,248 |
PROPERTY TAXES
Parcel Number
27-27-05-726000-040170
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,248
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Sherwin-Williams - Davenport FL | 38435 US-27
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