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Miscellaneous

Sherwin Williams | Las Vegas, NV

8475 W Flamingo Rd, Las Vegas, NV 89147

Listing Price: $1,871,165

Cap Rate
5.75%
Tenant Name
Sherwin Williams
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
5,250
Lease Type
Double Net
Rent Per Square Feet
$20.49

Investment Overview

The offering presents the opportunity to acquire a built-to-suit Sherwin-Williams in Spring Valley, one of Las Vegas’ most established and dense retail trade areas. The store is located along the W Flamingo Road corridor, a major east-west arterial serving Southwest Las Vegas, with consistent traffic and deep surrounding rooftops.

Sherwin-Williams is a best-in-class national paint and coatings retailer with durable demand driven by professional contractors, residential repaint/remodel activity, and ongoing maintenance needs. The tenant is currently paying well below market rent (~$1.71 PSF/month) on a modified triple-net lease, creating a compelling investment profile: a strong national tenant at a low occupancy cost in a proven infill location, with a clear path to value as the lease approaches renewal.

With approximately 3 years remaining and one final 5-year option, this is not a passive long-term bond. It is a lease rollover/renewal strategy in a market where well-located infill retail remains highly sought after—offering investors defensive income today and upside leverage through renewal, extension, or mark-to-market positioning.

Investment Highlights

  • National Credit Retailer with Durable Demand – Sherwin-Williams is a category leader with strong brand equity and a contractor-driven model.
  • Prime Infill Southwest Las Vegas Location (Spring Valley) – Spring Valley is a large, built-out submarket with consistent retail demand, strong household density, and limited infill supply.
  • Built-to-Suit Real Estate (1999) with Functional Utility – Sherwin locations are operationally specific (parking, access, visibility).

Exclusively Listed By

  • Dustin R. Alvino

    Senior Managing Director Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

Miscellaneous

Sherwin Williams | Las Vegas, NV

Listing Price: $1,871,165

Cap Rate
5.75%
Tenant Name
Sherwin Williams
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
5,250
Lease Type
Double Net
Rent Per Square Feet
$20.49

Investment Highlights

  • National Credit Retailer with Durable Demand – Sherwin-Williams is a category leader with strong brand equity and a contractor-driven model.
  • Prime Infill Southwest Las Vegas Location (Spring Valley) – Spring Valley is a large, built-out submarket with consistent retail demand, strong household density, and limited infill supply.
  • Built-to-Suit Real Estate (1999) with Functional Utility – Sherwin locations are operationally specific (parking, access, visibility).

Investment Overview

The offering presents the opportunity to acquire a built-to-suit Sherwin-Williams in Spring Valley, one of Las Vegas’ most established and dense retail trade areas. The store is located along the W Flamingo Road corridor, a major east-west arterial serving Southwest Las Vegas, with consistent traffic and deep surrounding rooftops. Sherwin-Williams is a best-in-class national paint and coatings retailer with durable demand driven by professional contractors, residential repaint/remodel activity, and ongoing maintenance needs. The tenant is currently paying well below market rent (~$1.71 PSF/month) on a modified triple-net lease, creating a compelling investment profile: a strong national tenant at a low occupancy cost in a proven infill location, with a clear path to value as the lease approaches renewal. With approximately 3 years remaining and one final 5-year option, this is not a passive long-term bond. It is a lease rollover/renewal strategy in a market where well-located infill retail remains highly sought after—offering investors defensive income today and upside leverage through renewal, extension, or mark-to-market positioning.

Exclusively Listed By

  • Dustin R. Alvino

    Senior Managing Director Investments

    (702) 215-7120

    Email Dustin

    License(s): NV: BS.0143692, NJ: 2294556

    Las Vegas

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