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5730 Bobby Hicks Hwy
Gray, TN 37615
Sherwin-Williams · Retail Property For Sale
Investment Highlights
- New 10-year corporate lease to Sherwin-Williams | Investment grade credit (S&P: BBB; 5,000 locations)
- Only location serving Gray - next location over 10+ mi away | Low rent-to-projected-sales ratio
- Over 1.4M SF of retail, office and industrial within 2 mi with less than 1% vacancy | 167,086 people within 10 mi trade area/average HHI of $96,227
- World’s dominant paint brand ($83 billion market cap) | New construction - larger commercial prototype
- Excellent Visibility On Bobby Hicks Hwy, which has 18,892 cars per day and less than 2 miles from Interstate 26, with 54,753 cars per day
- Gray, TN is part of the Tri-Cities region located 15 mi south of Kingsport and 12 mi north of Johnson City
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Sherwin-Williams located in Gray, Washington County, TN (the "Property"). U.S.-based Sherwin-Williams (S&P: BBB) is the world’s most valuable and dominant paint brand with a market cap of approximately $83 billion and revenues over $23 billion.
The Property is located just north of downtown Gray, TN. Within 2 miles, there is just over 1.4M SF of retail, office and industrial space with less than 1% vacancy. Notable retail tenants nearby include Food City, Ace Hardware, Starbucks, Dollar Tree, Ashley, McDonald’s, and many others.
The Property is located just north of downtown Gray, TN. Within 2 miles, there is just over 1.4M SF of retail, office and industrial space with less than 1% vacancy. Notable retail tenants nearby include Food City, Ace Hardware, Starbucks, Dollar Tree, Ashley, McDonald’s, and many others.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Year Built
2026
Price
$3,886,200
Price Per SF
$388.62
Cap Rate
6.15%
NOI
$239,000
Tenancy
Single
Building Height
1 Story
1 of 2
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