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| Sherwin Williams Paints |
5305 W 57th Street, Sioux Falls, South Dakota
Purchase Price: $1,240,700
• Ten (10) year Primary lease
• NN (Double Net Lease)
• Three (3) 5-year options
• 10% rent increases every 5 years through options.
Land Area: ± .849 Acres, Building Area: ± 5,000 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a Sherwin Williams in Sioux Falls, South Dakota. The property sold for $1,240,700 with a 6.75% 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 Sioux Falls, South Dakota. Sioux Falls is the largest city in South Dakota, and the county seat of Minnehaha County. Some of the other national tenants in the surrounding area include: JC Penney, Sears, Kohl’s, Target, Wal-Mart, Sam’s Club, Quizno’s, Taco Bell, Movie Gallery, Taco John’s, Qdoba Mexican Grill, KFC, IHOP, Red Lobster, Subway, Perkins, TGI Friday’s, Pizza Hut, McDonald’s, Olive Garden, Krispy Kreme, Wendy’s, Applebee’s, Subway, Dairy Queen, Burger King and Hy-Vee Grocery Store.
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