38435 US-27 - Storefront FOR SALE


Davenport, FL 33837- North Polk
$4,085,000 USD
813-434-8278
38435 US-27, Davenport, FL for Sale
$4,085,000 USD
Storefront - FOR SALE
1/7
null | 5.75% Cap Rate

38435 US-27
Davenport, FL 33837
North Polk


HIGHLIGHTS

  • Brand New 10-Year Lease | 8% Rent Increases | Options to Extend |Established Tenant
  • NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Cross Access w/ Gas Station | Surrounding Home Developments
  • Demographics In 5-mile Trade Area | Annual Population Growth

OVERVIEW

• The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend • The lease features 8% rental increases every 5 years beginning in the option period • Founded in 1866, The Sherwin Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers • Sherwin Williams branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches • Situated on an oversized 1.38 acre parcel which provides flexibility in future redevelopment potential

FOR SALE DETAILS

PRICE

$4,085,000 USD

PRICE/SF

$1,021 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams - Davenport FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C-3

APN/PARCEL ID

27-27-05-726000-040170

ASK ABOUT THIS PROPERTY

William WambleSRS Real Estate PartnersMore Info
813-434-8278

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William WambleSRS Real Estate PartnersMore Info
813-434-8278

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