Miscellaneous
New Construction Sherwin Williams | Rare Cape Cod Listing
413 Nathan Ellis Hwy, Mashpee, MA 02649
Listing Price: $3,263,158
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Sherwin-Williams located at 413 Nathan Ellis Hwy in Mashpee, Massachusetts. The site is currently under construction and consists of roughly 4,000 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Sherman Williams is scheduled to open in October and will be subject to a 11-year Double Net (NN) lease. The current annual rent is $155,000 and is scheduled to increase by 10% in year 7 and in each of the 3, 5-year renewal options. The landlord shall pay the real estate taxes and get reimbursed by the tenant on a monthly basis and will be reconciled for any discrepancies on an annual basis. Landlord shall also carry property and liability insurance; however, the tenant shall reimburse the landlord for those expenses as well.
New Construction Sherwin Williams | Rare Cape Cod Listing
Investment Highlights
- Extremely High Barrier to Entry Market | Unique Opportunity to Acquire a New Development Net Lease Asset on the Cape
- Brand New 2022 Construction | Estimated Store Opening in October
- New 11-Year Lease with Limited Landlord Responsibilities
Miscellaneous
New Construction Sherwin Williams | Rare Cape Cod Listing
Listing Price: $3,263,158
Investment Highlights
- Extremely High Barrier to Entry Market | Unique Opportunity to Acquire a New Development Net Lease Asset on the Cape
- Brand New 2022 Construction | Estimated Store Opening in October
- New 11-Year Lease with Limited Landlord Responsibilities
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Sherwin-Williams located at 413 Nathan Ellis Hwy in Mashpee, Massachusetts. The site is currently under construction and consists of roughly 4,000 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Sherman Williams is scheduled to open in October and will be subject to a 11-year Double Net (NN) lease. The current annual rent is $155,000 and is scheduled to increase by 10% in year 7 and in each of the 3, 5-year renewal options. The landlord shall pay the real estate taxes and get reimbursed by the tenant on a monthly basis and will be reconciled for any discrepancies on an annual basis. Landlord shall also carry property and liability insurance; however, the tenant shall reimburse the landlord for those expenses as well.
