1316 Silver Heights Blvd - Freestanding FOR SALE


Silver City, NM 88061
$643,000 USD
303-884-6659
1316 Silver Heights Blvd, Silver City, NM for Sale
$643,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

1316 Silver Heights Blvd
Silver City, NM 88061


HIGHLIGHTS

  • New 10-Year Lease Extension | 4 (5-Year Options | Long Term Operating History | Extensive Tenant Improvements
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Nearby National/Credit Tenants | Direct Consumer Base | Signalized, Hard Corner Intersection (28,400 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, corporate guaranteed (NYSE: SHW), investment grade (S&P: BBB), investment property located in Silver City, New Mexico. The tenant, Sherwin Williams Co., has occupied the site for 20 years and recently signed a brand new 10 year lease extension with 4 (5-Year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the extension term and at the beginning of each option, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The seller made a substantial investment into a new roof, HVAC, drainage, and insulation to be installed by November 2025. Founded in 1866, Sherwin Williams is a global leader in the manufacture, development, distribution, and sale of paint and paint related products sold exclusively through a chain of more than 5,000 Company-operated stores and branches.

FOR SALE DETAILS

PRICE

$643,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | New 10yr Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Commercial

APN/PARCEL ID

3081102160526

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.