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Sherwin Williams

$2,867,000

3606 East Johnson Avenue, Jonesboro, AR 72401

Active
Last Updated: 09/30/2025

6

Cap Rate

172,000

NOI

Details:
Cap Rate:    6%
NOI:    $172,000
Building Size:    4,536 sqft
Lot Area:    1 acres
Year Built:    2025
Tenancy:    Single
Highlights:
  • 10-year corporate lease featuring 10% rental increases every 5 years throughout the base term and options
  • 2025 build-to-suit construction to tenant’s latest prototype
  • Lease is backed by tenant’s parent company – The Sherwin-Williams Company
  • Subject property features significant frontage on E Johnson Ave – 32,000+ VPD
  • Nearby NEA Baptist Memorial Hospital is a 228-bed facility that employs roughly 1,870 local medical professionals and support staff
  • Just 2 miles from Arkansas State University – ~15,000 students
Description:

A corporate net leased Sherwin Williams with a 10-year base term lease featuring 10% rental increases every 5 years and five, 5-year extension options with the same escalators. The subject property benefits from having significant frontage on E Johnson Avenue, being exposed to over 32,000 vehicles per day.

Map:
Documents:
Title
SherwinWilliams_JonesboroAR.pdf
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Location
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