45 Bald Cypress Ln - Freestanding FOR SALE


St Johns, FL 32259
$4,029,000 USD
949-506-2009
45 Bald Cypress Ln, St Johns, FL for Sale
$4,029,000 USD
Freestanding - FOR SALE
1/10
null | 5.75% Cap Rate

45 Bald Cypress Ln
St Johns, FL 32259


HIGHLIGHTS

  • Brand New 10-Year Lease | 8% Rent Increases | Options to Extend |Established Tenant
  • NN Lease | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
  • Surrounding Home Developments | Along Longleaf Pine Pkwy | Bartram Trail High School | Strong National/Credit Tenant Presence
  • Strong Demographics 10-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant recently signed a brand new 10-year lease with 6 (5-year) options to extend • The lease features 8% rental increases at the beginning of each option period, growing NOI and hedging against inflation • 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

FOR SALE DETAILS

PRICE

$4,029,000 USD

PRICE/SF

$1,007 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

Planned Unit Development

APN/PARCEL ID

000700-0020

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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