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Miscellaneous

Sherwin-Williams - New 10 Yr Lease with 10% Increases

40767 N Ironwood Dr, San Tan Valley, AZ 85140

Listing Price: $3,830,000

Cap Rate
4.70%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.2
Gross SF
4,281
Guarantor
Corporate Guarantee
Rentable SF
4,281
Price/Gross SF
$894.65
Lease Type
Double Net
Rent Per Square Feet
$42.05

Investment Overview

Marcus & Millichap is proud to present for sale Sherwin-Williams in San Tan Valley, Arizona. 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. San Tan Valley is located in the Phoenix metropolitan area’s southeastern suburbs. The community derives its name from the nearby San Tan Mountains. The area consists largely of master planned communities, such as Johnson Ranch, Ironwood Crossing, Pecan Creek, Morning Sun Farms, Sun Tan Heights, Skyline Ranch, Copper Basin and Circle Cross Ranch. Today, nearly 100,000 people call San Tan Valley home, up from 81,000 residents only 10 years prior.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2023 Construction
  • Rare 10 Percent Rental Increases Every Five Years
  • Located in a Newly-Developed Retail Corridor - Tenants Include LA Fitness, Safeway, Starbucks, Goodwill, Taco Bell, McDonald's, and Chipotle
  • 106,873 Residents within a Five-Mile Radius - Phoenix MSA
  • Signalized Location Along East Ocotillo Road, Visible to 24,500 Cars per Day with Over 57,500 Cars per Day at the Corner of East Ocotillo Road and Ironwood Road
  • Across from a New 200-Unit Resort-Style 55 Plus Active Adult Community Under Construction and a New Multifamily and Single-Family Housing Community in Development
  • Average Household Income Exceeds $102,000 within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Miscellaneous

Sherwin-Williams - New 10 Yr Lease with 10% Increases

Listing Price: $3,830,000

Cap Rate
4.70%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.2
Gross SF
4,281
Guarantor
Corporate Guarantee
Rentable SF
4,281
Price/Gross SF
$894.65
Lease Type
Double Net
Rent Per Square Feet
$42.05

Investment Highlights

  • Brand New 10-Year Corporate Lease with Sherwin-Williams (NASDAQ: SHW)
  • New High-Quality 2023 Construction
  • Rare 10 Percent Rental Increases Every Five Years
  • Located in a Newly-Developed Retail Corridor - Tenants Include LA Fitness, Safeway, Starbucks, Goodwill, Taco Bell, McDonald's, and Chipotle
  • 106,873 Residents within a Five-Mile Radius - Phoenix MSA
  • Signalized Location Along East Ocotillo Road, Visible to 24,500 Cars per Day with Over 57,500 Cars per Day at the Corner of East Ocotillo Road and Ironwood Road
  • Across from a New 200-Unit Resort-Style 55 Plus Active Adult Community Under Construction and a New Multifamily and Single-Family Housing Community in Development
  • Average Household Income Exceeds $102,000 within a Five-Mile Radius

Investment Overview

Marcus & Millichap is proud to present for sale Sherwin-Williams in San Tan Valley, Arizona. 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. San Tan Valley is located in the Phoenix metropolitan area’s southeastern suburbs. The community derives its name from the nearby San Tan Mountains. The area consists largely of master planned communities, such as Johnson Ranch, Ironwood Crossing, Pecan Creek, Morning Sun Farms, Sun Tan Heights, Skyline Ranch, Copper Basin and Circle Cross Ranch. Today, nearly 100,000 people call San Tan Valley home, up from 81,000 residents only 10 years prior.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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