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- LoopNet Team
553-555 Pleasant St
Fall River, MA 02721
Sherwin Williams | New 10-Year Net Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
ABOUT 553-555 PLEASANT ST , FALL RIVER, MA 02721
SRS National Net Lease Group is pleased to present the opportunity to acquire Sherwin Williams, a corporate guaranteed, net leased, investment property located in Fall River, Massachusetts. The tenant, Sherwin Williams, recently extended their lease to a new 10-year term with 5 (5-year) option periods. The lease features 8% rental increases at the beginning of each option period, which generates NOI growth and hedges against inflation. Sherwin Williams is located near the signalized, hard corner intersection of Pleasant St and Plymouth Avenue (18,100 vehicles per day) with excellent visibility. The site is less than a quarter mile away from Interstate 195 (77,500 vehicles per day) with direct on/off-ramp access. Nearby national/credit tenants include Sam' s Club, Walmart, Planet Fitness, Dollar Tree, Rite Aid, CVS, and more, increasing consumer draw to the trade area. Within a 5-mile radius over, 128,300 residents ($60,000 average household income) and 52,000 employees support the trade area.
PROPERTY TAXES
| Parcel Number | FALL-000003K-000000-000002 | Improvements Assessment | $306,500 |
| Land Assessment | $297,900 | Total Assessment | $604,400 |
PROPERTY TAXES
