5730 Bobby Hicks Hwy - Retail FOR SALE


Gray, TN 37615
$3,886,200 USD
404-354-1590
5730 Bobby Hicks Hwy, Gray, TN for Sale
$3,886,200 USD
Retail - FOR SALE
1/1
null | 6.15% Cap Rate

5730 Bobby Hicks Hwy
Gray, TN 37615


HIGHLIGHTS

  • New 10-year corporate lease to Sherwin-Williams | Investment grade credit (S&P: BBB; 5,000 locations)
  • World’s dominant paint brand ($83 billion market cap) | New construction - larger commercial prototype
  • Only location serving Gray - next location over 10+ mi away | Low rent-to-projected-sales ratio
  • Excellent Visibility On Bobby Hicks Hwy, which has 18,892 cars per day and less than 2 miles from Interstate 26, with 54,753 cars per day
  • Over 1.4M SF of retail, office and industrial within 2 mi with less than 1% vacancy | 167,086 people within 10 mi trade area/average HHI of $96,227
  • Gray, TN is part of the Tri-Cities region located 15 mi south of Kingsport and 12 mi north of Johnson City

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 Gray, Washington County, TN (the "Property"). U.S.-based Sherwin-Williams (S&P: BBB) is the world’s most valuable and dominant paint brand with a market cap of approximately $83 billion and revenues over $23 billion. The Property is located just north of downtown Gray, TN. Within 2 miles, there is just over 1.4M SF of retail, office and industrial space with less than 1% vacancy. Notable retail tenants nearby include Food City, Ace Hardware, Starbucks, Dollar Tree, Ashley, McDonald’s, and many others.

FOR SALE DETAILS

PRICE

$3,886,200 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

090005O B 00403

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.