1608 S Broadway - Storefront FOR SALE


Saint Louis, MO 63104
$871,000 USD
949-209-0700
1608 S Broadway, Saint Louis, MO for Sale
$871,000 USD
Storefront - FOR SALE
1/3
null | 7% Cap Rate

1608 S Broadway
Saint Louis, MO 63104


HIGHLIGHTS

  • Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23 B+ in annual revenue
  • Located inside of dense retail corridor | 6.1M SF within a 2-mile radius
  • Excellent Location | This Sherwin-Williams is located less than 0.25-miles from the I-55 access with 127,400 VPD
  • Recent Renewal | 10-Year renewal in 2023 showing a commitment to the location
  • Long Operating History | Sherwin-Williams has been operating at this location since 1986
  • Densely Populated | 225,977 people live within five miles of the site, and the site is surrounded by densely populated residential communities

OVERVIEW

• Corporately backed lease with investment-grade credit rating | BBB credit rating (S&P) | $23 B+ in annual revenue • Located inside of dense retail corridor | 6.1M SF within a 2-mile radius • Excellent Location | This Sherwin-Williams is located less than 0.25-miles from the I-55 access with 127,400 VPD • Large Industrial Presence | 14.6M SF within a 2-mile radius • Prime Industrial Location | Located next to the Union Pacific Lesperance Yard. Its proximity to one of the busiest rail yards in the region provides exceptional access for businesses requiring paint solutions • Densely Populated | 225,977 people live within five miles of the site, and the site is surrounded by densely populated residential communities • Long Operating History | Sherwin-Williams has been operating at this location since 1986 • Recent Renewal | 10-Year renewal in 2023 showing a commitment to the location • Sherwin-Williams is ranked #178 on the Fortune 500 list • E-commerce proof tenant | Paint is an e-commerce proof product and will continue to thrive through the rise of online shopping • Sherwin-Williams is the market leader of the paint industry nationwide, is vertically integrated, and continues to outperform its competition in innovation, manufacturing, distributing, and retail

FOR SALE DETAILS

PRICE

$871,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams | 8.5 Yrs | Prime Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

J

APN/PARCEL ID

0704-00-0020-0

ASK ABOUT THIS PROPERTY

Dave FarisBerkeley Capital AdvisorsMore Info
949-209-0700

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Dave FarisBerkeley Capital AdvisorsMore Info
949-209-0700

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