Sherwin Williams
$1,556,000
1405 Keystone Avenue, Lansing, MI 48911
7.25
Cap Rate
112,764
NOI
Details:
Highlights:
- Sherwin Williams Has Operated At The Site Since 2006 and Currently Has 5+ Years of Lease Term Remaining
- Location Operates as a Sherwin-Williams Commercial Paint Store: High-Volume, Recession-Resistant Business Model Driven by Professional Relationships and Strategically Positioned Near Contractors, Trades, and Industrial Districts
- Double Net Lease (NN) Minimal Management Responsibilities Required
- Corporate Guarantee by Sherwin Williams ‐ “BBB” ‐Standard & Poor’s Rating | Sherwin Williams ‐ NYSE:SHW
- 5 Mile Population Surrounding the Investment Property Exceeds 146,000
- Average Household Income Within 5 Miles ‐ $66,000
- Located off South Pennsylvania Avenue ‐ Over 18,500 Vehicles/Day
Description:
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Lansing is the capital of the state of Michigan. It is located mostly in Ingham County, although portions of the city extend west into Eaton County and north in-to Clinton County. The 2010 Census placed the city's population at 114,297, making it the fifth largest city in Michigan. It was named the new state capital of Michigan in 1847, 10 years after its admittance to the U.S.
The Lansing Metropolitan Area, colloquially referred to as "Mid-Michigan", is an important center for educational, cultural, governmental, commercial, and industrial functions. The area is home to two medical schools, one veterinary school, two nursing schools, two law schools—including Western Michigan University and Michigan State University—a Big Ten Conference university (Michigan State), the Michigan State Capitol, the state Supreme Court, the Court of Appeals, a federal court, the Library of Michigan and Historical Center, and headquarters of four national insurance companies.
Located within 90 minutes of 90 percent of Michigan’s population, thousands of Michigan residents travel across the state each year for Greater Lansing's premier festivals and events. Golfers flock to the region for lush greens and scenic fairways, and with 30 golf courses within 30 miles of the city, there’s a course to fit every budget.
Lansing offers endless distinctive attractions that are both enriching and fun. Catch a thrilling MSU football game at Spartan Stadium, see lawmakers at work at our beautifully restored Victorian Capitol Building, engage your brain at the Michigan Historic Center, or discover precious treasures at the quaint and eclectic shops and galleries in historic Old Town. Experience the warmth and charm of small-town America as you spend the day amid fresh produce and friendly faces at one of our numerous farm markets and orchards. Be sure to time your stay so you can attend one of the 30 annual fairs and festivals held in Lansing's charming communities; there is no better example of our region's unique style and true hometown pride.
Location
Gallery