|
 |
|
| Sherwin Williams Paints |
12100 Shadow Creek Parkway,
Pearland (Houston), Texas
Purchase Price: $1,938,642
• Ten (10) year primary term
• Four (4) x 5 year option periods
• NN (Double Net Lease)
• Rent increases every 5 years
Land Area: ± 1.00 Acres, Building Area: ± 8,000 SF |
|
|
Willis Ventures is excited to announce that our brokerage has closed escrow on a Sherwin Williams in Pealand, Texas. The property sold for $1,938,642 with a 6.5% capitalization rate.
The Sherwin-Williams Company, founded in 1866, is one of the world’s leading companies engaged in the manufacture, distribution, and sale of coatings and related products to professional, industrial, commercial and retail customers.
Sherwin-Williams sells labeled architectural coatings, industrial finishes and associated supplies through company-operated paint and wallcovering stores in 50 states, Canada and some countries of Latin America. We also manufacture and sell coatings such as Dutch Boy®, Pratt & Lambert®, Martin-Senour®, Dupli-Color®, Krylon®, Thompson’s® and Minwax® plus private label brands to independent dealers, mass merchandisers and home improvement centers. Sherwin-Williams has annually increased dividends since 1979.
The subject property is located in Pearland, Texas. Pearland is located in the Houston-Sugar Land- Baytown metroplitan area with is estimated to have 5.5 million residents. Some of the other national tenants in the surrounding area include: Target, CVS, Walgreens, Kroger, Wal-Mart, Kohl’s, Best Buy, Office Depot, EB Games, Wingstop, Panera Bread, Subway, Starbucks, Chili’s, Sonic, and Whataburger.
|
|
