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Sherwin Williams | New 10yr NNw/ Incrs 2112 Highway 95

4,348 SF Retail Building Bullhead City, AZ 86442 £958,501 (£220/SF) 6.12% Net Initial Yield

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Investment Highlights

New 10-Year Lease | 5 (5-Year) Options | 10% Rent Increases | Long-Term Operating History
Signalized, Hard-Corner Intersection (55,500 VPD) | Excellent Visibility | Retail Corridor | Strong Tenant Presence

Absolute NNN | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-mile Trade Area

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Sherwin-Williams investment property located in Bullhead City, Arizona. The tenant, The Sherwin-Williams Company, has a new 10 year lease commencing 11/1/2024 with 5 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Sherwin-Williams has been operating at this location since 1997. The site benefits from excellent visibility via significant street frontage and a large pylon sign along AZ-95. Roof repairs and new building insulation were installed in 2024.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

4,348 SF

Building Class

Year Built

1979

Price

£958,501

Price Per SF

£220

Net Initial Yield

6.12%

NOI

£58,684

Tenancy

Single

Number of Floors

Building FAR

0.31

Land Acres

0.32 AC

Zoning

Commercial

Parking

10 Spaces (2.3 Spaces per 1,000 SF Leased)

Frontage

50 ft on Mohave Valley Highway

Amenities

Corner Lot

Freeway Visibility

Signage

Signalised Intersection

Manufacturing
99,999 SF
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The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their thousands of employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of more than many company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.