New Braunfels, TX Sherwin Williams 320 Farm to Market Road 306, New Braunfels, TX Cap Rate 5% New Braunfels (San Antonio, Texas, US ) Built

$2,800,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,000 sq. ft.
  • Development Level: Built

Description

New Braunfels, TX Sherwin Williams 320 Farm to Market Road 306, New Braunfels, TX Cap Rate 5%

Cap Rate: 5%
NOI: $140,000
Building Size: 4,000 sqft

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a net leased, investment grade (S&P: BBB-), corporate guaranteed, Sherwin-Williams investment property located in New Braunfels, TX. The tenant, The Sherwin-Williams Company, signed a brand new 10-year lease last year that features a 10% rent increase in year 6 and at the beginning of each of 4 (5-year) option periods. Construction on the site was finished in 2019, and the building features an attractive modern facade, constructed using the latest high quality modern materials and techniques. The lease is corporate guaranteed by The Sherwin-Williams Company (S&P: BBB-) and is a net lease with landlord responsibilities limited to roof, structure, parking area, supplemental insurance, & unexposed utility systems. Founded in 1866, Sherwin-Williams is one of the most recognizable brands in the building materials industry and currently operates over 4,200 locations across North America.

Sherwin-Williams is located along FM 306, a major retail and commuter thoroughfare averaging 31,900 vehicles passing by daily. The site is equipped with a large monument sign and has ample frontage, creating excellent visibility along FM 306. The site is also located just off Interstate 35, with over 109,500 vehicles passing by daily. Sherwin-Williams is ideally situated in close proximity to the New Braunfels Town Center at Creekside, a major retail and entertainment power center, anchored by Target, Best Buy, Belk, & Hobby Lobby. The center’s anchors and other high quality tenants, help drive consumer traffic into the area immediately surrounding
the subject property. Other nearby national/credit tenants include H-E-B plus!, In-N-Out, Buc-ee’s, Whataburger, and more, further increasing consumer traffic in the surrounding area. In addition, the site is surrounded by a wide variety of industrial and manufacturing tenants, providing a direct consumer base from which to draw. The 5-mile trade area is supported by nearly 71,400 residents and more than 34,500 daytime employees with an average household income of $84,100.

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#439293624
top
Information is deemed to be correct but not guaranteed.