Sherwin-Williams - Net Lease Property for Sale
Las Cruces, NM
Key Investment Metrics
Price
$2,863,000
Cap Rate
5.7%
Net Operating Income
$163,200
Building Size
5500 SF
Lot Size
5,500 SF
Land Area
0.82 Acres
Remaining Term
7 years
Lease Expiration
05/30/2033
Lease Term
10 years
Lease Commencement
05/31/2023
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Sherwin-Williams Net Lease Property
This Sherwin-Williams NNN (triple net lease) property is located in Las Cruces, NM and represents an excellent investment opportunity for commercial real estate investors. The property features 5500 square feet of building space and was built in 2023.
With a cap rate of 5.7%, this Sherwin-Williams net lease property offers stable income potential. The asking price is $2,863,000, making it an attractive option for 1031 exchange investors seeking quality Sherwin-Williams commercial properties.
Why Invest in Sherwin-Williams NNN Properties?
- Stable Income: Sherwin-Williams net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Sherwin-Williams is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Las Cruces, NM Market Overview
Located in Las Cruces, NM, this Sherwin-Williams property benefits from strong local demographics and market fundamentals. The Las Cruces area offers excellent visibility and accessibility, making it an ideal location for Sherwin-Williams operations and a solid investment for net lease property buyers.