2323 S Power Rd - Freestanding FOR SALE


Mesa, AZ 85209- Superstition Springs
$1,961,000 USD
949-903-8099
2323 S Power Rd, Mesa, AZ for Sale
$1,961,000 USD
Freestanding - FOR SALE
1/9
null | 5% Cap Rate

2323 S Power Rd
Mesa, AZ 85209
Superstition Springs


HIGHLIGHTS

  • Corporate Guaranteed (NYSE: SHW | S&P: BBB) | Below Market Rent Recent Capital Improvements | No Renewal Options Remaining
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Frontage on S. Power Road (38K+ VPD) | Dense Retail Corridor | Accessible from Hwy 60 (173K VPD)
  • Strong Demographics In 5-mile Trade Area | Phoenix MSA

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: SHW), investment grade (S&P: BBB) Sherwin Williams investment property located in Mesa, Arizona (Phoenix MSA). The tenant has approximately 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property benefits from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Sherwin-Williams, which is responsible for parking lot maintenance under the lease, recently completed parking lot sealing, leaving no deferred maintenance. The Sherwin-Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products through a chain of more than 5,400 Company-operated stores and branches.

FOR SALE DETAILS

PRICE

$1,961,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | Recent Improvements

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,906 SF

ZONING

LC

APN/PARCEL ID

304-05-045M

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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