Investment Offering
Plano, TX - Sherwin Williams & Sam's Liquor Warehouse
10545 Custer Rd | Plano, TX 75025
$3,244,000
Price6%
Cap Rate$199,495
NOI7,500
± SF Offering GLADescription
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, Sherwin-Williams (NYSE: SHW | S&P: BBB) and Sam’s Liquor Warehouse investment property located in Plano, Texas (DFW MSA). Sherwin-Williams’ lease is signed by the Corporate Parent company, a publicly traded investment grade company. Sam’s Liquor’s lease is personally guaranteed. Both leases feature options to extend with rent increases and NNN language to limit landlord responsibilities to the roof and structure of the property, making it an ideal, low-management investment opportunity for a passive investor.
Location
The two-tenant retail is located near the signalized, hard corner intersection of Highway 121 and Custer Road with a combined (109,300 VPD). Custer Road is the major retail corridor that connects multiple shopping centers in the area. The property is sitting directly across from a proposed mix-use development of approximately 60 acres consisting of a H-E-B that is already under construction and ~1,200 units of multi-families and ~105 units of town-homes. Additionally, just less than a quarter mile north of the subject site is the McKinney Towne Crossing (559,000 SF), a Super Target anchored center that also features national/credit tenants including Ross Dress For Less, Patel Brothers, Dollar Tree, Lowe’s Home Improvement, and more. The 5-mile trade area is supported by a population of approximately 360,000 with an average household income of $158,685.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215