475 Broadway Blvd - Freestanding FOR SALE


Jefferson City, TN 37760
$2,864,407 USD
404-354-1590
475 Broadway Blvd, Jefferson City, TN for Sale
$2,864,407 USD
Freestanding - FOR SALE
1/2

475 Broadway Blvd
Jefferson City, TN 37760


HIGHLIGHTS

  • New 10-Year Corporate Lease to Sherwin-Williams (S&P: BBB+; 5,000 Locations)
  • World's Dominant Paint Brand ($86 Billion Market Cap)
  • New Construction - Only Location Serving Jefferson City - Next Location Over 10+ Miles Away
  • Low Rent to Projected Sales Ratio
  • Excellent Visibility on E. Broadway Blvd., Which has Over 26,000 Cars Per Day
  • Growing Retail Trade Area with Almost 1M SF of Retail Within 2 Miles with Less than 4% Vacancy

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Sherwin-Williams located in Jefferson City (Knoxville MSA), Jefferson County, TN (the "Property"). US-based Sherwin-Williams (S&P: BBB+) is the world’s most valuable and dominant Paints brand with a market cap of approximately $86 Billion and revenues over $23 Billion. Sherwin-Williams projects excellent sales at this location which will generate a very low rent to sales ratio of approximately 4% or less. Sherwin-Williams signed a ten (10) year net lease plus four 5-year options. Each option has an 8% rent increase. This location will have a 4,000 SF retail building that sits on 1.82 acres. Sherwin-Williams chose this location due to its regional access. E. Broadway Blvd. is one of the main thoroughfares connecting Knoxville to Jefferson City to Morristown, TN. The site has excellent visibility to the over 26,000 cars per day on E. Broadway Blvd. Additionally, the location is just north of State Hwy 92, which connects with Interstate 40, approximately 15 minutes away.

FOR SALE DETAILS

PRICE

$2,864,407 USD

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

-

APN/PARCEL ID

024-008.01

ASK ABOUT THIS PROPERTY

Billy BenedictNorthmarqMore Info
404-354-1590

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Billy BenedictNorthmarqMore Info
404-354-1590

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