Sherwin Williams

530 South 129th Street, Bonner Springs, KS

$2,646,000

Price

6%

Cap Rate

$158,760

NOI

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Street
Map
Overview
Cap Rate
6%
NOI
$158,760
Building Size
4,536 sqft
Lot Area
1.72 acres
Lease Type
Triple Net
Year Built
2023
Tenancy
Single
Description

A corporate net leased Sherwin Williams with a 10-year term, featuring 10% rental increases every 5 years and 4, 5-year extension options with the same rent escalations. The subject property is shadow anchored by Walmart Supercenter which receives 1.1M visits annually per Placer.ai.

Highlights
  • Brand-new 10-year corporate net lease with 10% rental increases every 5 years
  • Lease is backed by tenant’s parent company – The Sherwin-Williams Company
  • 2023 build-to-suit construction to tenant’s latest prototype
  • Sherwin Williams 2022 revenue totaled $22.15B, an 11.1% increase over the previous year
  • Ranked #175 on the Fortune 500 list of companies
  • Investment grade credit rating – S&P: BBB
  • 5th largest metro area in the Midwest – with over 2,200,000 residents
  • Just 6 miles from Kansas Speedway & Hollywood Casino – ~440,000 visitors annually
  • Subject property is shadow anchored by Walmart Supercenter – ~1.1M annual visits per Placer.ai
  • Other nearby national retailers driving traffic to the area include Walgreens, Starbucks, McDonald’s, AutoZone, and Caliber Collision
  • Affluent residential demographics – average household incomes of $113,786 within a 5-mile radius of the subject property
Documents
Title
SherwinWilliams_BonnerSpringsKS.pdf
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Location
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