Listing Summary
Excellent Single Tenant Investment Opportunity
Full Description
Excellent Single Tenant Investment Opportunity Early Lease Extension; 8+ Years Remaining on Primary Term Upcoming 10.00% Rental Increase in September 2027 Sherwin Williams (NYSE: SHW); Corporate Guaranty Long Term Tenant Since 1986; 38+ Years of Occupational History Recent Renovations in July 2024; Exterior Repainted Priced well Below Replacement Cost; $72 PSF Below Market Rents: Tenant Currently Paying $6.30 PSF / Yr High Traffic Retail Corridor; 21,000+ Cars Per Day Modified Net Lease Tenant Responsible for HVAC, Utilities, Non Structural Repairs Landlord Responsible for Roof, Structure and Parking Lot Investment Grade S&P Credit Rating BBB for Sherwin Williams Limited Competition; Only Sherwin Williams Locations within 15 Mile Radius Income Tax-Free State Located along a major retail corridor in Cleburne, TX Major Neighboring Retails Include: Chick-Fil-A, H-E-B Grocer, Kroger, Walmart Supercenter, Tractor Supply, Whataburger, Smoothie King, McDonald’s, and Starbucks Cleburne is situated in the Dallas-Ft. Worth Metro Area: Arlington, TX (1 hour) Dallas, TX (1 hour) Ft. Worth, TX (35 mins) Strong Household Income Over $70,000 within 3 miles Consistent Population Growth; 12.33% within 5 miles last 10 years
Quick Glance
- Listing ID:
CL-Texas-11376
- Status:
Active
- Year Build:
1975
- Building Size:
10,200 SqFt
- Lot Size:
23,087.00 Acre