Sherwin Williams - Fair Oaks Ranch, TX

4,500 SF | Retail Building | Fair Oaks Ranch, TX 78015 | $3,091,000 ($687/SF) | 5.50% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $3,091,000

Sale Condition
1031 Exchange
Property Type
Retail
Square Feet
4,500 SF
Price / Square Foot
$687

Listing Contacts

Michael Yuras
Michael Yuras
Verified Profile
Jack Hinson
Jack Hinson
Verified Profile
Vincent Aicale
Vincent Aicale
Verified Profile
Ryan Forsyth
Ryan Forsyth
Verified Profile
Scott Crowle
Scott Crowle
Verified Profile
  • Property Info

Property Overview

Excellent Location: Highly visible and easily accessible location at the signalized intersection of Frontage R
Surrounded by Residential Developments: This Sherwin- Williams maintains beneficial proximity to a myriad of residential communities, including Dominion (one of the most affluent neighborhoods in San Antonio), Front Gate at Fair Oaks Ranch (174 homesites), and Elkhorn Ridge at Fair Oaks
Near Well-Attended Schools: The property is near several well-attended schools such as Fair Oaks Elementary School (768 students), Van Raub Elementary School (789 students), Boerne Middle School South (924 students), Boerne High School (1,288 students), and Boerne-Samuel V. Champion High School (1,948 students)
Affluent Area: The average annual household income within a 1-mile radius of this Sherwin-Williams is $174,758 (projected 11% increase by 2028)
Ideal Nearby Customer Base: Within a 5-mile radius of this site, there are 52,847 people (a population count that has more than doubled since 2010), providing an ideal customer base
Rapidly Growing MSA: With a population of over 2,450,000 in 2023, the San Antonio MSA is one of the fastest-growing metropolitan areas in the U.S.

Property Details

Class
B
Year Built
2024
Stories
1
Lot Size (sq. ft)
32,670 SF

Highlights

  • 10-year net lease to strong and growing corporate tenant
  • Scheduled rental increases every five (5) years
  • Sherwin-Williams (NYSE: “SHW”) is rated “BBB” by Standard & Poor’s
  • Sherwin-Williams annual revenue for 2023 was $23B, a 6.23% increase year-over-year
  • E-commerce proof tenant

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