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    Sherwin-Williams
    $1,764,706
    Plus Gainesville, FL
    Lease Type
    NNN
    Cap Rate
    5.10%
    Property Type

    Retail

    Building Size
    3,500 SF
    NOI
    $90,000
    Land Area
    1.50 AC
    Remaining Term
    10 Years
    Status
    Sold
    Michael Zimmerman
    Michael Zimmerman
    Founder
    Property Highlights
    Highly Desirable Site

    This Sherwin-Williams site has high visibility and is located in the new Markets West development. This 16.5-acre mixed-use development is located in one of Gainesville’s most densely populated residential districts. The development features retail, office and medical sites.  Markets West is part of a 135-acre master development that includes over 300 homes and more than 200 multi-family units.

    Strong Corporate Tenant

    The lease features scheduled rental increases within each option period, along with a strong corporate, credit-rated tenant. Sherwin-Williams is a global leader in its industry, with more than 4,900 company-operated stores and facilities. Company sales for fiscal 2018 increased to a record $17.5 billion. In addition, there is no state income tax in Florida, which makes this Sherwin Williams property an ideal investment.

    Increasing Traffic Counts

    North Florida Regional Medical Center—one of the area’s top employers—will have a new location within Markets West, which will continue to increase daily traffic counts. A new east-west road connecting Tower Road and Southwest 20th Avenue will provide easier access to the development and will help alleviate congestion. Nearby Interstate 75 sees daily traffic counts in excess of 84,000 vehicles.

    Sherwin-Williams
    Gainesville, FL
    View Details