Sherwin Williams

  • $1.1M
8801 State Highway 59, Foley, AL 36535, USA

Sherwin Williams

8801 State Highway 59, Foley, AL 36535, USA
  • $1.1M

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Marketing Description
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,000 SF Sherwin Williams Located at 8801 State Highway 59 in Foley, Alabama. Approximately 10 Years Remaining on the Lease With Minimal Landlord Responsibilities, this Opportunity Provides For a Secure Investment.

Investment Highlights
Corporate Guaranteed By The Sherwin Williams Company (BBB Credit Ranking)
10 Years Remaining on Lease With Minimal Landlord Responsibilities
Strong Rental Increases – 8% at Options
Low Price Point – Perfect For 1031 Exchange Buyer
Long Term Operating History – 25 Years at Current Location
Nearby Tenants Include: Dollar General, The Home Depot, Lowe’s Home Improvement, Hobby Lobby, Whataburger and Enterprise Rent-A-Car

Broker of Record
Andrew Ackerman
License: Lic. #C0001099750

Details

Updated on July 22, 2019 at 12:45 am
  • Property ID: 17654
  • Price: $1.1M
  • Property Size: 8000 sqft
  • Year Built: 1995
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 139.35
  • Lot Size (acres): 0.77
  • Tenancy: Single
  • Cap Rate: 6.00%
  • Net Operating Income: 66,888

Additional details

  • Lease Type: NN
  • Tenant Credit: Corporate Guarantee, Credit Rated
  • Lease Term: 34.7 years
  • Lease Commencement: 05/17/1994
  • Lease Expiration: 01/31/2029
  • Remaining Term: 9.5 years
  • Occupancy: 100%
  • Lease Options: 3 x 5 Years
  • Address 8801 State Highway 59, Foley, AL 36535, USA
  • City Foley
  • State/county Alabama
  • Zip/Postal Code 36535

Floor Plans

Description:

Walkscore

Availability Calendar

Schedule a Tour

Your information

What's Nearby?

Education
Foley Schools (2.01 mi)
Fair 1 reviews
Columbia Southern University (2.39 mi)
Good 15 reviews
Kids Plus Child Development Center (3.05 mi)
Good 3 reviews
Food
Lotus CBD (0.35 mi)
Exceptional 1 reviews
South Foley Cheesesteak (0.37 mi)
Exceptional 42 reviews
Gyromayers (0.5 mi)
Good 5 reviews
Health & Medical
Alabama Strength (0.36 mi)
Exceptional 1 reviews
T T Nails & Tan (0.44 mi)
Good 4 reviews
Buckmaster V Charles, MD (0.6 mi)
Average 2 reviews
Real Estate
White Shores Realty (3.38 mi)
Average 9 reviews
Heather Loper - Loper Realty Group (5.23 mi)
Exceptional 1 reviews

Contact Information

View Listings
Max Freedman
  • Max Freedman
  • 512.766.2711

Enquire About This Property

By submitting this form I agree to Terms of Use

Compare listings

Compare
Max Freedman
  • Max Freedman