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Miscellaneous

Sherwin-Williams

9670 N Sam Houston Pkwy E, Humble, TX 77396

Listing Price: $2,739,000

Cap Rate
4.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.2
Gross SF
6,968
Guarantor
Corporate Guarantee
Rentable SF
6,968
Price/Gross SF
$393.08
Lease Type
Double Net
Rent Per Square Feet
$18.67

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double-net lease Sherwin-Williams in Humble, Texas. The property consists of a 6,968-square-foot, freestanding building that sits on 0.73 acres of land. There are approximately 10.2 years remaining on the current lease term, with rental escalations scheduled throughout the main lease term and options. Sherwin-Williams recently extended their lease, showing their commitment to the site. Humble, TX is a fast-growing city in the Houston MSA. Sherwin-Williams is in one of the city’s main retail and residential corridors with more than 148,992 residents. The area’s population has increased 125 percent since 2000 and is estimated to be 172,418 five years from now, which represents an increase of 15 percent from the current year. The property is 18 miles from downtown Houston and eight miles from Bush Intercontinental Airport.

Investment Highlights

  • Double-Net Lease with Approximately 10.2 Years Remaining
  • Sam Houston Tollway Location - Traffic Counts Exceed 62,422 Vehicles per Day
  • Located in Fall Creek, a 2,300 Acre Master-Planned Community
  • More than 148,992 Residents Within a Five-Mile Radius
  • Population has Increased 125% Since 2000 and is Expected to Increase to 172,418 (+15.7%) by 2026 Within a Five-Mile Radius
  • Investment Grade Tenant (BBB; S&P)

Exclusively Listed By

Financing By

Miscellaneous

Sherwin-Williams

Listing Price: $2,739,000

Cap Rate
4.75%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.2
Gross SF
6,968
Guarantor
Corporate Guarantee
Rentable SF
6,968
Price/Gross SF
$393.08
Lease Type
Double Net
Rent Per Square Feet
$18.67

Investment Highlights

  • Double-Net Lease with Approximately 10.2 Years Remaining
  • Sam Houston Tollway Location - Traffic Counts Exceed 62,422 Vehicles per Day
  • Located in Fall Creek, a 2,300 Acre Master-Planned Community
  • More than 148,992 Residents Within a Five-Mile Radius
  • Population has Increased 125% Since 2000 and is Expected to Increase to 172,418 (+15.7%) by 2026 Within a Five-Mile Radius
  • Investment Grade Tenant (BBB; S&P)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double-net lease Sherwin-Williams in Humble, Texas. The property consists of a 6,968-square-foot, freestanding building that sits on 0.73 acres of land. There are approximately 10.2 years remaining on the current lease term, with rental escalations scheduled throughout the main lease term and options. Sherwin-Williams recently extended their lease, showing their commitment to the site. Humble, TX is a fast-growing city in the Houston MSA. Sherwin-Williams is in one of the city’s main retail and residential corridors with more than 148,992 residents. The area’s population has increased 125 percent since 2000 and is estimated to be 172,418 five years from now, which represents an increase of 15 percent from the current year. The property is 18 miles from downtown Houston and eight miles from Bush Intercontinental Airport.

Exclusively Listed By

Financing By

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