Bullhead City, AZ - Sherwin Williams
$1,170,000
2112 Az 95, Bullhead City, AZ 86442
6.41
Cap Rate
75,000
NOI
Details:
Description:
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Sherwin-Williams investment property located in Bullhead City, Arizona. The tenant, The Sherwin-Williams Company, has a new 10 year lease commencing 11/1/2024 with 5 (5-year) options remaining, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Sherwin-Williams has been operating at this location since 1997. The site benefits from excellent visibility via significant street frontage and a large pylon sign along AZ-95. Roof repairs and new building insulation were installed in 2024.
The Sherwin Williams is located near the signalized, hard corner intersection of AZ-95 and Hancock Rd, combining to average over 55,000 vehicles passing by daily. AZ-95 is a major retail thoroughfare serving the city of Bullhead City. The Sherwin Williams is located less than a mile to two of Bullhead City’s largest shopping centers, City Square Shopping Center and Riverview Mall, complete with tenants including Hobby Lobby, Big Lots, CVS Pharmacy, KFC, Jack in the Box, and more. The asset will benefit from close proximity to Lowe’s Home Improvement, a 100,000+ square foot building. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Safeway, Lowe’s, Tractor Supply Co, Dollar Tree, Walgreens, Jersey Mike’s, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure store exposure to the site. The 5-mile trade area is supported by a population of over 46,200 with an average household income of $61,846.
Location

Gallery








