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Miscellaneous

Sherwin-Williams Commercial Store

2805 Terry Rd, Jackson, MS 39212

Listing Price: $1,105,000

Cap Rate
6.80%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.8
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$110.50
Lease Type
Double Net
Rent Per Square Feet
$7.51

Investment Overview

Marcus & Millichap is pleased to present this single-tenant Sherwin-Williams commercial store with 11 years of term remaining on a double net lease. This is a strong store for Sherwin-Williams as evidenced by their recent early 10 year extension. Additionally, it is one of only two Sherwin commercial stores in Mississippi.

Investment Highlights

  • Double Net Lease Through 4/30/2035
  • Below-Market Rent With 11% Increase in 2030
  • Recent Early 10-Year Lease Extension
  • Commercial Store With Expanded Product Offering Including Concrete, Marine and Protective Coatings
  • Corporate Guarantee - Over 4,600 Locations
  • Shadow Anchored by Food Depot Grocery Store

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Miscellaneous

Sherwin-Williams Commercial Store

Listing Price: $1,105,000

Cap Rate
6.80%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
10.8
Gross SF
10,000
Guarantor
Corporate Guarantee
Rentable SF
10,000
Price/Gross SF
$110.50
Lease Type
Double Net
Rent Per Square Feet
$7.51

Investment Highlights

  • Double Net Lease Through 4/30/2035
  • Below-Market Rent With 11% Increase in 2030
  • Recent Early 10-Year Lease Extension
  • Commercial Store With Expanded Product Offering Including Concrete, Marine and Protective Coatings
  • Corporate Guarantee - Over 4,600 Locations
  • Shadow Anchored by Food Depot Grocery Store

Investment Overview

Marcus & Millichap is pleased to present this single-tenant Sherwin-Williams commercial store with 11 years of term remaining on a double net lease. This is a strong store for Sherwin-Williams as evidenced by their recent early 10 year extension. Additionally, it is one of only two Sherwin commercial stores in Mississippi.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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