517 South Euclid Street

Highlights:

• Strong Corporate Tenant Sherwin-Williams boasts a robust credit rating from multiple agencies, including Moody’s (Baa3) and Standard & Poor’s (BBB).
• Brand New 5-Year Extension Sherwin-Williams has recently extended their lease, demonstrating long-term commitment to the property. The tenant has an additional five (5)-year option with a ten percent (10%) rent increase, with rent resetting to market rates after the next option.
• Strong Operating History The Tenant has been successfully operating at this location for the over ten (10) years, having ran through their initial lease term and into the option period.
• Prime Signalized Corner Lot Located at a prominent hard-corner in the Anaheim submarket, the property benefits from a dense surrounding population of over 288,000 residents within a 3-mile radius, with an average household income exceeding $109,000.
• Synergistic Real Estate Corridor Situated along Euclid St. (37,000 CPD), the property is surrounded by multiple national retailers and draws from a densely populated residential neighborhood. It is conveniently located just over one (1) mile from Disneyland Park and three (3) miles from Knott’s Berry Farm.
• Recent Capital Expenditures In addition to Sherwin-Williams extending their lease, they have just invested in new signage for the building. The parking lot was fully upgrade in 2023, giving the façade a fresh new look.
• Fully Depreciable Asset The property offers full tax advantages to real estate owners, unlike many lower price-point NNN ground leases.
• Attractive Price Point The Tenant pays a conservative rent, positioning the purchase price below $2,000,000.
• High Intrinsic Value The property features a 5,000 sq. ft. structure on 0.4 acres of land in a desirable Southern California submarket.

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