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Miscellaneous

New Construction Sherwin Williams | Rare Cape Cod Listing

413 Nathan Ellis Hwy, Mashpee, MA 02649

Listing Price: $3,263,158

Cap Rate
4.75%
Tenant Name
The Sherwin-Williams Company
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$38.75

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.

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

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Miscellaneous

New Construction Sherwin Williams | Rare Cape Cod Listing

Listing Price: $3,263,158

Cap Rate
4.75%
Tenant Name
The Sherwin-Williams Company
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$38.75

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.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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