Price $2,317,982 | Built/Renov 2023 | Tenant Sherwin-Williams |
Cap Rate 5.70% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
3,500
| Lease Start
04-24-2023
| #Units
4,859
|
Price/SF $662.28 | Expiration
04-23-2033
| Tenant Type General Retail |
NOI $132,125 | R. Term 9.4 | Ownership Fee Simple |
Rent/SF
$37.75
| Increases 10.0%/5/yrs | Pop 5Mi 196,494 |
Lot/AC 0.47 | Options 3/5yrs/10% | AHHI 5Mi $103,924 |
| |
The 3,500 square-foot Sherwin Williams benefits from its position along Plainfield Road which experiences over 33,100 vehicles per day. The subject property is located as an outparcel within Joliet Commons which is anchored by retailers such as Target, Ross, PetSmart, JOANN, Five Below, Ulta Beauty, Chick-Fil-A, and McDonald’s. The asset is within proximity to Interstate 55 (87,000 VPD) which...
...New construction
Build to suit
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant
The Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. Founded by Henry Sherwin and Edward Williams in 1866, the company operates through four...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 7,477 | 68,896 | 196,933 |
2023 Total Population : | 7,669 | 69,940 | 197,775 |
2023 Employed Civilian Pop : | 4,206 | 36,945 | 101,886 |
2023 Total Businesses : | 369 | 1,902 | 5,211 |
2023 Average Household Income : | $ 101,795 | $ 99,245 | $ 103,565 |
2023 Total Consumer Spending : | $ 232 M | $ 2224 M | $ 6231 M |
2023 Median Age : | 39 | 38 | 37 |
2023 Total Households : | 2,668 | 26,092 | 70,021 |
2023 Pop Age 25+: Bachelor's Degree : | 919 | 9,557 | 26,384 |
2023 Average Home Value : | $ 253,020 | $ 278,714 | $ 275,185 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Plainfield Road | 2019 | 18,400 | 0.09 mi | |
US 30 | 2021 | 22,300 | 0.25 mi | |
Ring Rd | Voyager Ln | 2012 | 22,800 | 0.29 mi |
Plainfield Rd | Tonti Dr | 2013 | 12,900 | 0.38 mi |
W 16th St | Pinecrest Dr | 2012 | 7,750 | 0.39 mi |
16th St | Caroline Dr | 2008 | 5,600 | 0.43 mi |
Essington Rd | N Essington Rd | 2012 | 7,750 | 0.46 mi |
N Essington Rd | Essington Rd | 2008 | 5,600 | 0.48 mi |
US 30 | S Lincoln Hwy | 2021 | 33,100 | 0.61 mi |
Gaylord Road | Blossom St | 2022 | 4,900 | 0.69 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]