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Sherwin-Williams 530 Clark St 5,504 SF Retail Building Middletown, OH 45042 $525,712 ($95.51/SF) 9% Cap Rate
Investment Highlights
- Credit Tenant with National Presence: The asset is leased to The Sherwin-Williams Company (NYSE: SHW), a publicly traded, investment-grade tenant (S&P
- Minimal Landlord Responsibilities: The lease is structured on a modified basis with landlord obligations limited to roof and structural components, al
- Established Infill Location: Strategically positioned near Hwy 73 (±11,500 vehicles per day), the property benefits from a mature infill setting with
- Below-Market Rent: The lease is currently structured at below-market rental rates, offering investors a clear opportunity to capture upside through fu
- Defensive, Needs-Based Retail: Sherwin-Williams operates a service-oriented, needs-based retail format that primarily caters to professional contracto
Executive Summary
Broker of Record
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,504 SF
Building Class
C
Year Built
1975
Price
$525,712
Price Per SF
$95.51
Cap Rate
9%
NOI
$47,314
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.88 AC
Zoning
UCS
Parking
14 Spaces (2.54 Spaces per 1,000 SF Leased)
Frontage
291’ on Clark St.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Sherwin-Williams began in 1866 when Henry Sherwin and Edward Williams opened a paint store in Cleveland, Ohio. The company expanded nationally through the late 19th century by establishing manufacturing facilities. Their business model includes three segments: Paint Stores Group for contractors, Consumer Brands Group for retail sales, and Performance Coatings Group serving industrial markets. The company operates in both professional and DIY markets through company-owned stores and third-party distributors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | Q6532-007-000-003 | Improvements Assessment | $62,980 |
| Land Assessment | $10,590 | Total Assessment | $73,570 |
Property Taxes
Parcel Number
Q6532-007-000-003
Land Assessment
$10,590
Improvements Assessment
$62,980
Total Assessment
$73,570
Contacts
-
Jonah Yulish -
Ethan Smith -
Konnor Schwerdtfeger -
Matthews Real Estate Investment Services
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Sherwin-Williams | 530 Clark St
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