Sherwin Williams 1051 Northeast 4th Avenue, Fort Lauderdale, FL Cap Rate 5% Fort Lauderdale ( Florida, US ) Built

$5,300,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 7,500 sq. ft.
  • Development Level: Built
  • Lot Size: 1.11 acres
  • Year Built: 2021

Description

Sherwin Williams 1051 Northeast 4th Avenue, Fort Lauderdale, FL Cap Rate 5%

Cap Rate: 5%
Building Size: 7,500 sqft
Lot Area: 1.11 acres
Occupancy: 100%
Lease Type: Double Net
Year Built: February 2021
Tenancy: Single
Gross Leaseable Area: 7500
Construction Status: February 2021 (Est. - Under Construction)
Roof: Rubber Membrane (10-Yr Warranty)
Lease Expire Year: 01/31/2031

Price: $5,300,000 USD

DESCRIPTION
Sherwin-Williams has a Brand New 10-Year NN Lease with 4% Rental Escalations on Feb 2026, 3.85% Feb 2031, then an Attractive 8% Rental Escalations Every 5 Years Afterwards! The tenant, The Sherwin-Williams Company, Operates Approximately 4,900 Stores & Facilities in North & South America, the Caribbean, Europe, Asia & Australia. It is a Large Format Commercial Hub Store that will not Only Carry More 5-Gallon Product for Larger Commercial/Residential Jobs, but also Support Anywhere Between 4 to 10 Residential Stores & Their Inventory. Sherwin Williams Stock Nearing All-Time High During the Pandemic while Consumers Remodel Homes, Construction Demand Remains High and It Continues to be Illegal to Ship Paint by Mail. It has New, Build-to-Suit Construction of Sherwin-Williams Newest Prototype - Slated to be Completed in Feb 2021!

It is Positioned on a Large ±1.11-Acre Lot with Great Drive-By Visibility on NE 4th Ave (Main North/South Thoroughfare in Fort Lauderdale), where Traffic Counts are Almost 20,000 CPD; Just North of E Sunrise Blvd (46,977 CPD)! Across the street from Home Depot, 2 miles from The Galleria at Fort Lauderdale (a 978,568 SF shopping center anchored by Macys, Neiman Marcus & Dillard’s with more than 100 distinctive shops & restaurants), Target, Walmart Supercenter, Publix Supermarket, Whole Foods, Trader Joe’s, Bed Bath & Beyond, Dick’s Sporting Goods, Michaels, Best Buy, Barnes & Noble & much more are within 4 miles from the subject property; 11 miles from Nova Southeastern University (a private research university offering various undergraduate, graduate & professional degree programs with 11,025 students); Less than 3 miles from Broward Health Medical Center (a general medical & surgical hospital with 716 beds).

HIGHLIGHTS
• Brand New 10-Year NN Lease with 4% Rental Escalations on Feb 2026, 3.85% Feb 2031, then an Attractive 8% Rental Escalations Every 5 Years Afterwards!
• The Sherwin-Williams Company Operates Approximately 4,900 Stores & Facilities in North & South America, the Caribbean, Europe, Asia & Australia
• Large Format Commercial Hub Store that will not Only Carry More 5-Gallon Product for Larger Commercial/Residential Jobs, but also Support Anywhere Between 4 to 10 Residential Stores & Their Inventory
• SHW Stock Nearing All-Time High During Pandemic while Consumers Remodel Homes, Construction Demand Remains High and It Continues to be Illegal to Ship Paint by Mail
• New, Build-to-Suit Construction of Sherwin-Williams Newest Prototype - Slated to be Completed in Feb 2021
• Dense Infill Location, Positioned on a Large ±1.11-Acre Lot with Great Drive-By Visibility on NE 4th Ave (Main North/South Thoroughfare in Fort Lauderdale) where Traffic Counts are Almost 20,000 CPD, Just North of E Sunrise Blvd (46,977 CPD)!
• 2020 DEMOGRAPHICS/OPPORTUNITY ZONE: Total Population (5-MI): 319,439 | Average Household Income (3-MI): $90,977 | Positioned in Community Re-Development Zone & Opportunity Zone - Offering Potential Large Tax Incentives to a Buyer!

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#443624861
top
Information is deemed to be correct but not guaranteed.