Sherwin-Williams - Net Lease Property for Sale
Knoxville, TN
Key Investment Metrics
Price
$1,302,000
Cap Rate
6.3%
Net Operating Income
$81,324
Building Size
5000 SF
Lot Size
5,000 SF
Remaining Term
6.3 years
Lease Expiration
10/31/2032
Lease Term
10 years
Lease Commencement
11/01/2007
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
2007
Occupancy
100%
Tenancy
Single
Rent Increases
Nov 2027
About This Sherwin-Williams Net Lease Property
This Sherwin-Williams NNN (triple net lease) property is located in Knoxville, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 5000 square feet of building space and was built in 2007.
With a cap rate of 6.3%, this Sherwin-Williams net lease property offers stable income potential. The asking price is $1,302,000, 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.
Knoxville, TN Market Overview
Located in Knoxville, TN, this Sherwin-Williams property benefits from strong local demographics and market fundamentals. The Knoxville area offers excellent visibility and accessibility, making it an ideal location for Sherwin-Williams operations and a solid investment for net lease property buyers.