Sherwin-Williams Commercial Store — Sale in Jackson, MS
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Jackson, MS 39212
Photos
Investment Figures
- Cap rate
- 7.67%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present this single-tenant Sherwin-Williams commercial store with over eight years of term remaining on a double net lease. Sherwin-Williams has been at this location since 1997 and executed an early lease renewal in 2022. The lease runs through April 2035 with an 11 percent rent increase in May 2030. Investment Highlights: • Double Net Lease Through April 30th of 2035 (8.5 Years) with Long Term Occupancy Since 1997 • Below-Market Rent With 11 Percent Increase in 2030 That Increases the Cap Rate to 8.51 Percent • Commercial Store Serving Professional Contractors With Expanded Product Offering Including Concrete, Marine and Protective Coatings • Corporate Guarantee - Over 5,000 Locations and Growing
Market Context
This retail in Jackson, MS is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Jackson, MS — view the full market.
Contact
- Mickey Davis · (901) 620-3600
- Michael Hughes · (262) 364-1938 · michael.hughes@marcusmillichap.com
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