Sherwin-Williams

Las Vegas, NV
Price: $3,530,000
Cap Rate: 5.00%

SW Vegas - Rep Photo
SW Vegas Aerial
SW Vegas - Rep Photo SW Vegas Aerial
DOWNLOAD OM

Blue West Capital is pleased to present the sale of Sherwin-Williams, a 4,497 SF single-tenant retail property located in Las Vegas, Nevada.

This Sherwin-Williams is a brand-new construction build-to-suit (Estimated rent commencement in May 2020) with a corporate lease to an investment grade rated company (S&P:BBB). Demographics in the surrounding area are very strong with over 10,000 people living within a three-mile radius and projected annual population growth in excess of 2.5% and average annual household incomes within a five-mile radius are approximately $100,000. The Sherwin-Williams sits as an outparcel to an Albertson’s grocery-anchored development and retailers in the immediate area include Lowe’s, Walgreens, CVS, Sprouts, Albertson’s, Bank of America, Starbucks, McDonald’s, and many others.

  • Long-term net lease with 10 years remaining
  • 10% rental increases every five years in the primary term and renewal options
  • Outparcel to an Albertson’s grocery-anchored development
  • Approximately 15 miles north of the famous Las Vegas Strip
  • Positioned just north of the heavily trafficked signalized intersection of North Durango Drive and Farm Road (47K VPD)

OFFERING SUMMARY

Price: $3,530,000

Cap Rate: 5.00%

Year Built: 2020

Building Size: 4,498 SF

INVESTMENT CONTACT

JENNIFER STEIN – LEAD
Real Estate Broker
NV Lic. No. Brok1001185.corp
213.446.5366
sherwinwilliams@jdsreservices.com

VIEW ALL LISTINGS
GET IN TOUCH
2020-05-14T12:36:01-07:00