139 Cowan Rd - Storefront FOR SALE


Collierville, TN 38017
$3,415,000 USD
980-498-3293
139 Cowan Rd, Collierville, TN for Sale
$3,415,000 USD
Storefront - FOR SALE
1/5
null | 6.15% Cap Rate

139 Cowan Rd
Collierville, TN 38017


HIGHLIGHTS

  • CORPORATE LEASE WITH FORTUNE 500 COMPANY
  • DENSE, LOW VACANCY, COMMERCIAL NODE
  • STRONG LEASE FUNDAMENTALS WITH BUMPS

OVERVIEW

DENSE, LOW VACANCY, COMMERCIAL NODE - Within a 1-mile radius of the site is more than 2.3M SF of retail space and 1.3MSF of industrial space (0.0% vacancy) - Nearby National Retailers Include: The Home Depot, Target, Lowe’s Home Improvement, Academy Sports + Outdoors, Walmart Supercenter, and more ADJACENT TO MAJOR ECONOMIC DRIVERS - Site is nearby to the Carrier Corporation’s 900K SF manufacturing center which employs over 1,400 people - Directly across the street from the site is a Pepsi Bottling factory which employs more than 100 people - Just south of the site is Collierville High School and Collierville Middle School with over 3,000 students and over 775 students respectively STRONG SURROUNDING DEMOGRAPHICS IN MEMPHIS, TN MSA - Within the 1,3, and 5 mile radiuses the AHHI exceeds $120K which provides customers with discretionary income - With over 1.34 million people in the MSA it just became the 6th strongest economic MSA - In 2024 their GRP (Gross Regional Product) exceeded $100B with a 5% growth annually NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Transferable warranties to be assigned to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2024 EOY sales increased to 11.1% to a record $22.15B STRONG LEASE FUNDAMENTALS WITH BUMPS - NN Lease with minimal Landlord Responsibilities - Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option

FOR SALE DETAILS

PRICE

$3,415,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

C0-244-A-00776

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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