241 Hilliard Rd - Freestanding FOR SALE


Temple, TX 76502
$3,206,000 USD
415-852-5177
241 Hilliard Rd, Temple, TX for Sale
$3,206,000 USD
Freestanding - FOR SALE
1/8
null | 5.85% Cap Rate

241 Hilliard Rd
Temple, TX 76502


HIGHLIGHTS

  • Sherwin-Williams, with over 5,000 global locations, anchors this investment with a 10-year net lease starting May 10, 2025, ensuring stable cash flow
  • 10% rent increases every five years through the initial term and five, 5-year options.
  • Tenant covers taxes, insurance, non-structural maintenance, landscaping, HVAC, and parking lot upkeep, minimizing landlord obligations
  • Sherwin-Williams (NYSE: “SHW”) is rated “BBB” by Standard & Poor’s.
  • E-commerce proof tenant

OVERVIEW

Positioned on Hilliard Rd with 28,700 AADT on nearby West Adams Ave, the property benefits from its location opposite a Walmart Supercenter. National retailers like H-E-B, Lowe’s, and Target within 1 mile draw steady consumer traffic. The 5-mile population of 91,353 ensures a robust customer base for Sherwin-Williams’ paint and coating sales. The 10-year Net lease, commencing May 10, 2025, and expiring May 31, 2035, requires Sherwin-Williams to cover taxes, insurance, non-structural maintenance, landscaping, HVAC, and parking lot upkeep. The landlord is responsible for roof, structure, and parking lot replacement, offering a low-maintenance investment. Rent increases of 10% every five years provide inflation protection through the initial term and four 10-year options. Sherwin-Williams, a Fortune 500 company with over 5,000 locations, backs this lease with its corporate guarantee, ensuring reliability. The brand’s focus on serving contractors and homeowners aligns with Temple’s construction-driven growth. This lease structure and tenant profile deliver a secure income stream for investors. The 5-mile radius boasts a population of 91,353, projected to grow 7.5% by 2029. Within 1 mile, the population of 4,769 has an average household income of $112,401, among the highest locally. This affluent, expanding market supports Sherwin-Williams’ retail demand. The 4,595 SF building, completed in 2025 on a 1.33-acre lot, features Sherwin-Williams’ latest store design for operational efficiency and customer convenience. The new construction minimizes near-term capital expenditures, enhancing investor returns. Its strategic layout supports high-volume sales in a growing market. Proximity to West Adams Ave (28,700 AADT) and Airport Rd (21,359 AADT) ensures excellent connectivity. The site’s location in a corridor with new retail and residential developments, plus Temple’s healthcare and manufacturing sectors, positions it for long-term stability. Nearby Temple College (8,000 students) adds consistent traffic.

FOR SALE DETAILS

PRICE

$3,206,000 USD

PRICE/SF

$698 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

499990

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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