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Sherwin Williams | New 10yr Corp NN w/ Incrs 45 Bald Cypress Ln 4,000 SF 4-Star Retail Building St Johns, FL 32259 $3,927,000 ($981.75/SF) 5.90% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | 8% Rent Increases | Options to Extend |Established Tenant
- Surrounding Home Developments | Along Longleaf Pine Pkwy | Bartram Trail High School | Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Strong Demographics 10-Mile Trade Area | Six-Figure Incomes
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 at the beginning of each option period, growing NOI and hedging against inflation
• 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
• The lease features 8% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$3,927,000
Price Per SF
$981.75
Cap Rate
5.90%
NOI
$231,685
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.32 AC
Zoning
Planned Unit Development
Parking
16 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sherwin Williams
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sherwin Williams | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 000700-0020 | Improvements Assessment | $0 |
| Land Assessment | $682,992 | Total Assessment | $682,992 |
Property Taxes
Parcel Number
000700-0020
Land Assessment
$682,992
Improvements Assessment
$0
Total Assessment
$682,992
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Sherwin Williams | New 10yr Corp NN w/ Incrs | 45 Bald Cypress Ln
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