Mesa, AZ - Sherwin Williams (Power Rd)

Description:

Corporate Guaranteed | Primary Retail Corridor off Hwy 60 (173K+ VPD) | No Renewal Options | Below Market Rent SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: SHW), investment grade (S&P: BBB) Sherwin Williams investment property located in Mesa, Arizona (Phoenix MSA). The tenant has approximately 9-years of lease term remaining with no renewal options, providing a future opportunity to reposition the property at market rental rates upon lease expiration. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property benefits from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Sherwin-Williams, which is responsible for parking lot maintenance under the lease, recently completed parking lot sealing, leaving no deferred maintenance. The Sherwin-Williams Company is a global leader in the manufacture, development, distribution and sale of paint, coatings and related products through a chain of more than 5,400 Company-operated stores and branches. The site benefits from excellent visibility on S. Power Road (38,200 VPD), the primary commercial corridor south of U.S. Highway 60 (173,700 VPD), providing direct access to Tempe, Chandler, and downtown Phoenix. The subject property sits within the immediate trade area of the Superstition Springs Center, a regional shopping center containing 1M+ SF of retail space and receives over 2M annual visits (Placer.ai). The center is anchored by Dillard’s and JCPenney and includes a strong mix of national retailers such as Ulta Beauty, T.J. Maxx, and Ross Dress for Less. The broader retail corridor includes Target, Walmart, and an adjacent strip center, providing complementary local and national tenants. Mesa has experienced significant residential growth in recent years, anchored by master-planned communities such as Eastmark (18,000+ homes), Arizona’s top-selling master-planned community, along with Cadence at Gateway (1,500+ homes) and other newly built developments driven by continued migration from higher-cost, denser areas of central and downtown Phoenix. The 5-mile trade area is supported by a population of over 302,000 residents and 77,000 employees with an average household income of $118,428.

The site benefits from excellent visibility on S. Power Road (38,200 VPD), the primary commercial corridor south of U.S. Highway 60 (173,700 VPD), providing direct access to Tempe, Chandler, and downtown Phoenix. The subject property sits within the immediate trade area of the Superstition Springs Center, a regional shopping center containing 1M+ SF of retail space and receives over 2M annual visits (Placer.ai). The center is anchored by Dillard’s and JCPenney and includes a strong mix of national retailers such as Ulta Beauty, T.J. Maxx, and Ross Dress for Less. The broader retail corridor includes Target, Walmart, and an adjacent strip center, providing complementary local and national tenants. Mesa has experienced significant residential growth in recent years, anchored by master-planned communities such as Eastmark (18,000+ homes), Arizona’s top-selling master-planned community, along with Cadence at Gateway (1,500+ homes) and other newly built developments driven by continued migration from higher-cost, denser areas of central and downtown Phoenix. The 5-mile trade area is supported by a population of over 302,000 residents and 77,000 employees with an average household income of $118,428.

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