14640 Northwest Fwy - Freestanding FOR SALE


Houston, TX 77040
$2,487,000 USD
949-698-1115
14640 Northwest Fwy, Houston, TX for Sale
$2,487,000 USD
Freestanding - FOR SALE
1/9
null | 5.75% Cap Rate

14640 Northwest Fwy
Houston, TX 77040


HIGHLIGHTS

  • Corporate Guaranteed NN Lease | Options To Extend
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access
  • Located Along Major Houston Thoroughfare
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a free standing, investment grade (S&P: BBB) Sherwin Williams property located in Houston, Texas. The tenant, Sherwin Williams Co. has nearly 10 years remaining on an original 18.5 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN, limiting the landlord responsibilities to the roof and structure of the property.

FOR SALE DETAILS

PRICE

$2,487,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

Commercial

APN/PARCEL ID

1178100010007

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick LutherSRS National Net LeaseMore Info
949-698-1115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.