Sherwin-Williams

Gahanna, Ohio

Offering Summary

  • Status: active
  • Price: $1,815,000
  • CAP Rate: 5.75%
  • Term: 9.75 Years
  • Net Operating Income: $104,400
  • Price/SF: $363.00
  • Year(s) Built: 2001
  • Lot Size (Acres): 0.534
  • Lease Type: Double Net
  • Freestanding Sherwin Williams in Columbus, OH with 9.75 Years Remaining on NN Lease
  • Upcoming 8% Rent Increase Takes Cap Rate to 6.21% in 2025
  • Sherwin Williams Corporate Guarantee | Publicly Traded (NYSE: SHW) Tenant with $17.9 Billion in Annual Sales (2019)
  • Established Location – Has Been Operating Since 2001 and Recent 10 Year Lease Extension (Signed June 2020) Shows Commitment to Site
  • Located in Dense and Affluent Suburban Market of Columbus, OH; 177,776 Residents Within 5 Miles and AHHI of $97,987
  • 17% Population Growth in Immediate Area Since 2010 with Expected Growth to Continue in the Future
  • Columbus is 14th Most Populous City in The Country and #1 Among Top 10 Largest Midwest Metros for Population, Job and GDP Growth
  • Situated in Busy Retail Corridor with Limited Opportunities for New Development
  • Adjacent to 340,000 SF Kroger, Marshalls and HomeGoods Anchored Shopping Center and a Half Mie South of Morse and Hamilton Intersection (52,600 Vehicles Per Day)
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director