Skip to main content

Miscellaneous

Sherwin-Williams

4157 White Sage Arc, Las Cruces, NM 88011

Listing Price: $2,914,000

Cap Rate
5.60%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
8.5
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$529.82
Lease Type
Double Net
Rent Per Square Feet
$29.67

Investment Overview

Marcus & Millichap is pleased to present for sale Sherwin-Williams, in Las Cruces, New MexicoThe 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.

Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County. The city is home to an estimated 111,385 residents. Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.

Investment Highlights

  • Nine Years Remaining on Lease with Corporate Sherwin-Williams (NASDAQ: SHW) Guaranty and 10-Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Sherwin-Williams 2023 Revenue was Over $23 Billion & 2023 EBITDA Increased by 17.5 Percent to $4.24 Billion
  • New 2023 Construction with Sherwin-Williams' Newest Prototype

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Miscellaneous

Sherwin-Williams

Listing Price: $2,914,000

Cap Rate
5.60%
Tenant Name
Sherwin-Williams
Years Remaining On Lease
8.5
Gross SF
5,500
Guarantor
Corporate Guarantee
Rentable SF
5,500
Price/Gross SF
$529.82
Lease Type
Double Net
Rent Per Square Feet
$29.67

Investment Highlights

  • Nine Years Remaining on Lease with Corporate Sherwin-Williams (NASDAQ: SHW) Guaranty and 10-Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Sherwin-Williams 2023 Revenue was Over $23 Billion & 2023 EBITDA Increased by 17.5 Percent to $4.24 Billion
  • New 2023 Construction with Sherwin-Williams' Newest Prototype

Investment Overview

Marcus & Millichap is pleased to present for sale Sherwin-Williams, in Las Cruces, New MexicoThe 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. Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County. The city is home to an estimated 111,385 residents. Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

MM Texture Background
MM Textured Background Lower