Cap Rate: 5.25%
Net Operating Income: $101,500
Square Footage: 4,800
Year Built: 2021
This is a unique opportunity to purchase a single tenant Sherwin-Williams with a brand new 10 year net lease. The lease calls for minimal landlord obligations and six, 5 year options to renew with increases at each option.Located in the hot market of Huntsville, Alabama, this store is in a dense and highly trafficked location. Daily traffic counts exceed 36,000 VPD. This Sherwin-Williams benefits from its position on a major commercial thoroughfare and is less than 1 mile from Alabama A&M University.
Huntsville is a city in the Appalachian region of northern Alabama and is the county seat of Madison County. The city also extends west into neighboring Limestone County and south into Morgan County.
It was founded in 1805 and became an incorporated town in 1811. The city grew across nearby hills north of the Tennessee River, adding textile mills, then munitions factories, NASA’s Marshall Space Flight Center and the United States Army Aviation and Missile Command nearby at the Redstone Arsenal. The National Trust for Historic Preservation named Huntsville to its “America’s Dozen Distinctive Destinations for 2010” list.