855-859 N Telegraph Rd
Monroe, MI 48162
Sherwin William - Pet Supplies Plus · Retail Property For Sale

Cambridge Capital Advisors, in Association with Fortis Commercial, LLC has been exclusively retained to market for sale the fee simple interest in this two-unit retail building tenanted by Sherwin Williams and Pet Supplies Plus located at 855 N. Telegraph Rd., Monroe, MI. Built in 1991, this retail property consists of an 11,600 SF building sited on a 2.36-acre lot. Sherwin Williams, an original tenant in the property since 1991, recently extended its NN lease for an additional 10-year term with two (2) five-year options. Each option period offers a ten percent (10%) rental increase, which stands to provide the investor with a hedge against future inflation. The lease is backed by Sherwin Williams' corporate guarantee. Pet Supplies Plus, a tenant in the building since 2004, recently extended its NNN lease for an additional five (5) year term. Rent escalates by two percent (2%) per annum through the remainder of the term and the option period. In addition, the entire exterior of the building was painted in 2015 and the parking lot was newly replaced in 2016. The property, located at 855 North Telegraph Road, Monroe , MI is sited on a well traveled retail corridor with strong traffic counts (32,558 ADT) and demographics. Neighboring tenants include Lowes, Walmart, Hobby Lobby, Staples, Reilly's, Advance Auto, Meijer, Aldi, Walgreens, Dollar Tree, Wendy's, Burger King and McDonalds. Monroe, a city in the U.S. state of Michigan, is the largest city and county seat of Monroe County. The city is bordered on the south by Monroe Charter Township, which is politically independent from Monroe. The city is located approximately 14 mi (23 km) north of Toledo, Ohio and 25 mi (40 km) south of Detroit. Monroe is officially part of the Detroit-Ann Arbor-Flint MSA.