1821 N York St - Freestanding FOR SALE


Muskogee, OK 74403
$760,000 USD
952-210-0484
1821 N York St, Muskogee, OK for Sale
$760,000 USD
Freestanding - FOR SALE
1/3
null | 5.82% Cap Rate

1821 N York St
Muskogee, OK 74403


HIGHLIGHTS

  • Long Term (11.5 Years Remaining) Investment Grade NN Lease with Sherwin Williams (S&P BBB)
  • Sherwin-Williams (NYSE: SHW) is a publicly traded company with a current market cap over $86 Billion
  • Sherwin-Williams has occupied this property since 1993 and recently extended for another 10 years demonstrating their commitment to this location
  • The property underwent recent upgrades including a new roof with transferable warranty in 2025 and upgrades to the parking lot
  • Future upside due to the percentage rent generated from the billboard lease with Clear Channel Outdoors
  • The city of Muskogee has secured the top position in Oklahoma for capital investment in 2024 with over $4.1 Billion in announced projects

OVERVIEW

CBRE Is pleased to exclusively present for sale the Sherwin-Williams located in Muskogee, OK. The opportunity includes a corporately guaranteed investment grade credit lease with Sherwin-Williams (S&P BBB). Sherwin-Williams has occupied this property since it was built in 1993 and has over 11 years of lease term remaining. The tenant has demonstrated their commitment to this location by exercising multiple options and most recently signing an early 10-year lease extension. Sherwin-Williams (NYSE: SHW) is a publicly traded company with a current market cap over $86 Billion. They operate in over 120 countries and as of 2024 were the largest coatings company in the world by revenue. In addition to the 6,000 square foot building, this property has additional income generated from a billboard located on the premises. The lease with Clear Channel Outdoor, Inc is based on a percentage of revenue from the billboard and offers a new owner upside potential through future income growth. The Seller has recently invested significant capital expenditures into the property for the benefit of a new owner, including a new roof in 2025 (with transferable warranty) and several upgrades to the parking lot. This Sherwin-Williams is centrally located in Muskogee, OK. Muskogee has secured the top position in Oklahoma for capital investment in 2024, ranking #1 in the state with over $4.1 billion in announced projects, according to the Oklahoma Department of Commerce’s New Growth and Expansions Report.

FOR SALE DETAILS

PRICE

$760,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

5.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

F

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

AJ PrinsCBREMore Info
952-210-0484

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AJ PrinsCBREMore Info
952-210-0484

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