Tampa, FL - Sherwin-Williams
$2,536,000
504-508 S Howard Ave, Tampa, FL
5
Cap Rate
126,788
NOI
Details:
Description:
• Corporate signed lease with 2+ years remaining and 5 (5-year) option periods to extend
• The lease features 10% rental inceases at the beginning of each option
• Founded in 1866, The Sherwin Williams Company is a global leaser in the manufacture, development, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers
• Sherwin Williams branded products are sold exclusively through a chain of 5,400 Company-operated stores
• Located in the Heart of Tampa’s SOHO district in close proximity to Downtown Tampa, Hyde Park Village and Lee Roy Selmon Expressway (75,500 VPD)
• The subject property is fronting S Howard Ave (17,500 VPD) and directly across from neighborhood retail center The Shops on South Howard with 10+ tenants anchored by Chipotle and Jimmy John’s
• 1.5 miles from University of Tampa (11,500 students) and 3 miles from Westshore Plaza (2.8M Annual Visitors)
• The property is surrounded by affluent South Tampa neighborhoods including Hyde Park, Palma Ceia, and Parkland Estates representing over 7,000+ homes within a two-mile radius
Location
Gallery