Sherwin-Williams

10460 Chambers Road, Commerce City, CO

$3,181,800

Price

5.25%

Cap Rate

$167,000

NOI

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Street
Map
Overview
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
Description

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

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
Documents
Title
OM_-_Sherwin-Williams__Commerce_City__CO__Blue_West_Capital_.pdf
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Location
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