Skip to main content

Miscellaneous

Sherwin-Williams

4th Street & Milwaukee Ave, Lubbock, TX 79416

Listing Price: $3,116,000

Cap Rate
4.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$692.44
Lease Type
Double Net
Rent Per Square Feet
$32.89

Investment Overview

The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866. A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe. Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents. The Lubbock metro is known for its oil, cotton production, and education and health care sectors.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2022 Construction
  • Rare 10 Percent Rental Increases Every Five Years
  • 129,469 Residents and 172,734 Daytime Employees within a Five-Mile Radius - Dense Lubbock, TX Infill
  • Outparcel to United Supermarkets and Adjacent to Newly-Built Starbucks
  • Directly Across from Shadow Hills Golf Course
  • Situated at a High-Traffic Intersection with 25,700+ Cars/Day at the Corner of 4th Street and Milwaukee Avenue
  • Average Household Income Exceeds $72,000 in the Immediate Area

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

Sherwin-Williams

Listing Price: $3,116,000

Cap Rate
4.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$692.44
Lease Type
Double Net
Rent Per Square Feet
$32.89

Investment Highlights

  • Brand New 10-Year Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2022 Construction
  • Rare 10 Percent Rental Increases Every Five Years
  • 129,469 Residents and 172,734 Daytime Employees within a Five-Mile Radius - Dense Lubbock, TX Infill
  • Outparcel to United Supermarkets and Adjacent to Newly-Built Starbucks
  • Directly Across from Shadow Hills Golf Course
  • Situated at a High-Traffic Intersection with 25,700+ Cars/Day at the Corner of 4th Street and Milwaukee Avenue
  • Average Household Income Exceeds $72,000 in the Immediate Area

Investment Overview

The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866. A Fortune 500 company in the general building materials industry, Sherwin-Williams is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America and Europe. Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents. The Lubbock metro is known for its oil, cotton production, and education and health care sectors.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower