DENVER, CO – [May 1, 2026] – Blue West Capital is pleased to announce the sale of a single-tenant Sherwin-Williams property located at 1212 W Olive Ave, Porterville, CA 93257. The property sold for $1,630,000 at an undisclosed cap rate (contact broker).
Sherwin-Williams is conveniently located at the corner of Olive Ave (25,500+ VPD) and N Dameron St within Porterville's primary commercial corridor. The offering included fee simple interest (land & building) of a corporate-backed Sherwin-Williams (S&P: BBB) property.
Approximately 4.5 years remain on a double-net (NN) lease, as well as one (1) five-year option to extend with a 12% rental increase. Sherwin-Williams has operated at this location for 20+ years and is surrounded by many high-performing national tenants, including O'Reilly Auto Parts, AutoZone, Town & Country Market, Dollar General, and Smart & Final. The Sherwin-Williams Company operates 5,000+ locations across the U.S., Canada, the Caribbean, and Latin America.
This transaction was completed alongside the sale of a second Sherwin-Williams property at 6707 S Potomac St in Centennial, CO, with the same buyer acquiring both assets. Blue West Capital executed a targeted marketing process that generated 70+ Offering Memorandum (OM) downloads and 5+ qualified offers throughout the marketing process, ultimately securing a portfolio buyer with a focus on single-tenant retail investments.
Blue West Capital's Tom Ethington, Noah Harrison, and Robert Edwards represented the seller, a California-based individual.
Through our strategic national marketing campaign, our team was able to source an experienced buyer with an extensive portfolio of Sherwin-Williams properties. The seller ultimately chose the same buyer for both the Colorado and California locations based on their successful acquisition track record, high valuation, and efficiency in getting to the closing table.
Tom Ethington, Managing Partner
Porterville, CA (Tulare County) is located in the heart of California's Central Valley, approximately 60 miles north of Bakersfield and 165 miles southeast of the Bay Area. The city is home to more than 65,000 residents, and the area functions as a key east–west connector linking residential density with major retail, employment, and essential services across the greater Visalia-Porterville MSA.
PR Contact
Noah Harrison
(720) 464-7488
Noah@BlueWestCapital.com
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