Skip to main content

Miscellaneous

Sherwin-Williams Paints

3404 Illinois Rd, Fort Wayne, IN 46802

Listing Price: $1,124,228

Cap Rate
5.89%
Tenant Name
Sherwin-Williams Paints
Years Remaining On Lease
9.5
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$224.85
Lease Type
Double Net
Rent Per Square Feet
$13.24

Investment Overview

9.58 Years Remaining on Lease with Corporate Guarantee | Recession-Proof and E-Commerce Proof Tenant | Landlord is Only Responsible for Roof and Structure | Landlord-Friendly Lease Language

Opportunity to Increase Rent – No Options Remaining

Recent Remodel | Tenant Showed Commitment to Site – Extended Lease for 10 Years and Agreed to Assume Roof Repair Responsibility

Freestanding Sherwin-Williams Location, Built-To-Suit for Tenant in 1995 | Publicly Traded Company (NYSE: SHW) with BBB Credit Rating (S&P) | Ranked #293 on the Fortune 500 List

Sherwin-Williams Has Been in Business Since 1866 and Has 4,859 Locations in 120 Countries | The Company Reported Record Sales of $20.05 Billion in 2023

Highly Trafficked Retail Corridor | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Road | Five Miles from I-69 (70,041 Vehicles per Day)

Nearby National Retailers Include Best Buy, Kohl’s, Walmart, Target, AMC Theater, ALDI, Starbucks, Hobby Lobby, Dick’s Sporting Goods, Michaels, Trader Joe’s, Marshalls, Barnes & Noble, Bath & Body Works, and More

Less than One Mile from Jefferson Pointe Open Air Lifestyle Center and Apple Glen Crossing | Jefferson Pointe is in the Top 10 Percent of Regional Malls Nationwide in Foot Traffic Per Placer.ai

Less than Three Miles From Downtown Fort Wayne and Electric Works, a New $280 Million, 39-Acre, Multi-Use Revitalization Project on the Former General Electric Campus | Electric Works Earned a National Phoenix Award in 2023 as a Model for Urban Redevelopment

Dense Five-Mile Daytime Population of 192,712

Investment Highlights

  • Dense Five-Mile Daytime Population of 192,712
  • Less than One Mile from Jefferson Pointe Open Air Lifestyle Center and Apple Glen Crossing | Jefferson Pointe is in the Top 10 Percent of Regional Malls Nationwide in Foot Traffic Per Placer.ai
  • 9.58 Years Remaining on Lease with Corporate Guarantee | Recession-Proof and E-Commerce Proof Tenant | Landlord is Only Responsible for Roof and Structure | Landlord-Friendly Lease Language

Exclusively Listed By

Miscellaneous

Sherwin-Williams Paints

Listing Price: $1,124,228

Cap Rate
5.89%
Tenant Name
Sherwin-Williams Paints
Years Remaining On Lease
9.5
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$224.85
Lease Type
Double Net
Rent Per Square Feet
$13.24

Investment Highlights

  • Dense Five-Mile Daytime Population of 192,712
  • Less than One Mile from Jefferson Pointe Open Air Lifestyle Center and Apple Glen Crossing | Jefferson Pointe is in the Top 10 Percent of Regional Malls Nationwide in Foot Traffic Per Placer.ai
  • 9.58 Years Remaining on Lease with Corporate Guarantee | Recession-Proof and E-Commerce Proof Tenant | Landlord is Only Responsible for Roof and Structure | Landlord-Friendly Lease Language

Investment Overview

9.58 Years Remaining on Lease with Corporate Guarantee | Recession-Proof and E-Commerce Proof Tenant | Landlord is Only Responsible for Roof and Structure | Landlord-Friendly Lease Language Opportunity to Increase Rent – No Options Remaining Recent Remodel | Tenant Showed Commitment to Site – Extended Lease for 10 Years and Agreed to Assume Roof Repair Responsibility Freestanding Sherwin-Williams Location, Built-To-Suit for Tenant in 1995 | Publicly Traded Company (NYSE: SHW) with BBB Credit Rating (S&P) | Ranked #293 on the Fortune 500 List Sherwin-Williams Has Been in Business Since 1866 and Has 4,859 Locations in 120 Countries | The Company Reported Record Sales of $20.05 Billion in 2023 Highly Trafficked Retail Corridor | Exposure to Combined Traffic Count of 80,000+ on W Jefferson Blvd and Illinois Road | Five Miles from I-69 (70,041 Vehicles per Day) Nearby National Retailers Include Best Buy, Kohl’s, Walmart, Target, AMC Theater, ALDI, Starbucks, Hobby Lobby, Dick’s Sporting Goods, Michaels, Trader Joe’s, Marshalls, Barnes & Noble, Bath & Body Works, and More Less than One Mile from Jefferson Pointe Open Air Lifestyle Center and Apple Glen Crossing | Jefferson Pointe is in the Top 10 Percent of Regional Malls Nationwide in Foot Traffic Per Placer.ai Less than Three Miles From Downtown Fort Wayne and Electric Works, a New $280 Million, 39-Acre, Multi-Use Revitalization Project on the Former General Electric Campus | Electric Works Earned a National Phoenix Award in 2023 as a Model for Urban Redevelopment Dense Five-Mile Daytime Population of 192,712

Exclusively Listed By

MM Texture Background
MM Textured Background Lower