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5211 100th St SW 4,000 SF Retail Building Lakewood, WA 98499 $1,875,000 ($468.75/SF) 5.63% Cap Rate
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!
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
B
Year Built
2015
Price
$1,875,000
Price Per SF
$468.75
Cap Rate
5.63%
NOI
$105,600
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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Founded in 1866 by Henry Sherwin and Edward Williams in Cleveland, Sherwin-Williams grew from a paint business into a global company focused on paints, coatings, stains, and related products. The company serves professional, industrial, commercial, and consumer customers through manufacturing, distribution, and retail channels. Its portfolio includes architectural paints, protective and marine coatings, automotive finishes, and wood finishing products. Sherwin-Williams markets products under brands such as Valspar, Krylon, Minwax, Cabot, Dutch Boy, and HGTV HOME by Sherwin-Williams, reflecting a broad presence across multiple coatings and home-improvement verticals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 021902-5007 | Improvements Assessment | $527,400 |
| Land Assessment | $609,900 | Total Assessment | $1,137,300 |
Property Taxes
Parcel Number
021902-5007
Land Assessment
$609,900
Improvements Assessment
$527,400
Total Assessment
$1,137,300
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