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Sherwin Williams 7715 Phoenix Ave 4,594 SF 100% Leased Retail Building Fort Smith, AR 72903 $3,033,000 ($660.21/SF) 6% Cap Rate
Investment Highlights
- 10-year corporate lease featuring 10% rental increases every 5 years throughout the base term and options
- Lease is backed by tenant’s parent company – The Sherwin-Williams Company
- Sherwin Williams 2024 revenue totaled $23.1B, an increase over the previous year
- 2025 build-to-suit construction to tenant’s latest prototype
- Subject property adjacent to the #1 ranked Sam’s Club location in Arkansas in terms of annual visits (per Placer.ai)
- Affluent residential trade area boasting average household incomes of $93,500 within a 3-mile radius of the subject property
Executive Summary
A corporate net leased Sherwin Williams with a 10-year base term lease featuring 10% rental increases every 5 years and four, 5-year extension options with the same escalators. The subject property is located in Fort Smith – an affluent residential trade area boasting average household incomes of $93,500 within a 3-mile radius of the subject property.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,594 SF
Building Class
B
Year Built
2025
Price
$3,033,000
Price Per SF
$660.21
Cap Rate
6%
NOI
$181,990
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
3.03 AC
Zoning
C-1 - Commercial District
Parking
15 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
564’ on Phoenix Avenue
Nearby Major Retailers
Property Taxes
| Parcel Number | 18883-0000-03037-03 | Improvements Assessment | $0 |
| Land Assessment | $100,013 | Total Assessment | $100,013 |
Property Taxes
Parcel Number
18883-0000-03037-03
Land Assessment
$100,013
Improvements Assessment
$0
Total Assessment
$100,013
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Sherwin Williams | 7715 Phoenix Ave
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