Download Today 





Sherwin-Williams
$1,800,000
Plus Gainesville, FL
Offering Memorandum
Lease Type
NNN
Cap Rate
5.00%
Property Type

Retail

Building Size
3,500 SF
NOI
$90,000
Remaining Term
10 Years
Status
Under Contract
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