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Sherwin Williams - Tampa FL 504 S Howard Ave 3,500 SF Retail Building Tampa, FL 33606 $2,536,000 ($724.57/SF) 5% Cap Rate
Investment Highlights
- Corporate Signed Lease | 10% Rent Increases | Established Tenant | Below Market Rent
- Located in One of Tampa’s Most Valuable Retail Corridors | Strong Frontage | Close to Major Tampa Demand Drivers
- NN Lease | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Strong Demographics In 5-mile Trade Area
Executive Summary
• Corporate signed lease with 2+ years remaining and 5 (5-year) option periods to extend
• The lease features 10% rental inceases at the beginning of each option
• Founded in 1866, The Sherwin Williams Company is a global leaser 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 5,400 Company-operated stores
• The lease features 10% rental inceases at the beginning of each option
• Founded in 1866, The Sherwin Williams Company is a global leaser 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 5,400 Company-operated stores
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built/Renovated
1947/2007
Price
$2,536,000
Price Per SF
$724.57
Cap Rate
5%
NOI
$126,788
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.19 AC
Zoning
CG - CG - Commercial General
Parking
5 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | A-23-29-18-4SB-000011-00010.0 | Improvements Assessment | $1,274,600 |
| Land Assessment | $100 | Total Assessment | $1,274,700 |
Property Taxes
Parcel Number
A-23-29-18-4SB-000011-00010.0
Land Assessment
$100
Improvements Assessment
$1,274,600
Total Assessment
$1,274,700
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Sherwin Williams - Tampa FL | 504 S Howard Ave
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