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Sherwin-Williams 5211 100th St SW 4,000 SF Retail Building Lakewood, WA 98499 $1,925,000 ($481.25/SF) 5.50% Cap Rate

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Executive Summary

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Lakewood, WA. The property is leased to Sherwin Williams, renowned for its quality paint and coating products, and established as a trusted brand in the industry. This property is positioned on a Lowe’s Home Improvement pad site, situated in the vibrant community of Lakewood, WA. This strategic location ensures high visibility and steady foot traffic. It’s located just minutes away from Lakewood Towne Center, Lakewood’s premier shopping destination. Some of the surrounding business include Hobby Lobby, 7-Eleven, Safeway, Starbucks, IHOP and much more.
Sherwin Williams extended their Lease Term in August of 2020 showing their Commitment to the Site!

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,000 SF

Building Class

Year Built

2015

Price

$1,925,000

Price Per SF

$481.25

Cap Rate

5.50%

NOI

$105,875

Tenancy

Single

Building Height

1 Story

Building FAR

0.37

Lot Size

0.25 AC

Zoning

LKWD

Parking

14 Spaces (3.5 Spaces per 1,000 SF Leased)

Frontage

90’ on 100th St SW

Manufacturing
-
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The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.