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Sherwin-Williams Net Lease Investment Opportunity | 5.2% Cap Rate

1966 Hosea Williams Drive
Atlanta, GA 30317
PRICE : $1,442,000
CAP RATE: 5.2%
PROPERTY TYPE: Retail
SITE SIZE: 0.30 Acres
BUILDING SIZE: 3,500 SF
YEAR BUILT: 2012

Highlights

  • 3,500 SF all brick retail location sits on a 0.3 acre site
  • Established and strong-performing Sherwin-Williams store serving over 57,189 households and contractors
  • Historic in-town Atlanta neighborhood with vibrant growth, cultural activities and significant ongoing renovation activities
  • Limited surrounding commercially zoned properties
  • Ideal long-term net lease property for 1031 investors
  • NN Lease extended through December 2027 with five 5-year options
  • Outstanding corporate guarantee with publicly traded, credit tenant

Description

Bull Realty is pleased to offer this Sherwin-Williams net lease property in the prominent and historic Kirkwood neighborhood, just 4 miles from downtown Atlanta. In the past half-decade, Kirkwood has undergone tremendous regentrification as middle to upper-income families are drawn to the small, hometown feel while still being minutes from big city amenities. With commercially zoned property extremely limited in the “city center”, this property offers not only an exceptionally strong credit tenant, but also tremendous value in the property itself.

This 3,500 SF brick building was built in 2012 and is located on a hard corner. The area is densely populated with over 123,445 residents within a 3 mile radius and an average income of over $102,239. Due to satisfaction with the store's performance, the tenant recently extended this NN lease through December 2027. The rent increases 5% in 2023 and 8% in each of the five 5-year option periods. There are limited Landlord responsibilities for repairs and maintenance to the roof, structure and parking lot.

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