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Sherwin-Williams

$3,181,800

10460 Chambers Road, Commerce City, CO 80022

Active
Last Updated: 11/03/2022

5.25

Cap Rate

167,000

NOI

Details:
Cap Rate:    5.25%
NOI:    $167,000
Building Size:    4,500 sqft
Lot Area:    30,000 sqft
Lease Type:    Double Net
Year Built:    2019
Tenancy:    Single
Highlights:
  • New 10-year lease estimated to commence in October 2019
  • Sherwin-Williams is an investment grade rated company (S&P: BBB)
  • 10% rental increases every five years
  • Projected annual population growth of 8.95% over the next five years within one mile (almost 55% projected increase in population by 2024)
  • Over 30,000 people living within three miles with average annual household incomes in excess of $111,000
  • Positioned across from a King Soopers grocery-anchored center
  • Just north of the signalized intersection of Chambers Road and 104th Avenue, the primary intersection of the trade area
  • 12 miles west of the Denver International Airport, the 20th busiest airport in the world with approximately 65 million passengers per year
  • Brand new construction (October 2019)
  • Retailers in the immediate corridor include King Soopers, Walgreens, McDonald’s, 7-Eleven, AutoZone, 1st Bank, Taco Bell, and many others
Description:

New construction Sherwin-Williams located within the Denver MSA in one of Colorado's fastest growing cities.

Map:
Documents:
Title
OM_-_Sherwin-Williams__Commerce_City__CO__Blue_West_Capital_.pdf
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