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Sherwin-Williams Investment Opportunity in Muskogee

1821 North York Street Muskogee, OK 74403

Claim this Listing
For Sale
$737,000

NNN leased Sherwin-Williams with over 11 years remaining in Muskogee,OK.

Type:Retail
Property size:
6,000 SF
Price / SF:
$122/SF
Added:
Mar 25, 2026
Days on Market:
109
Last Refresh:
Jul 3 at 10:17 pm

Property Features for 1821 North York Street

General Information

Standard status
Active
Size
6,000 SF
Property subtype
Retail

Listing office CBRE | Tulsa

Listing date Mar 25, 2026

Source Cbre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Tulsa


Investment Insights

Based on property information with market context.

The Sherwin-Williams property in Muskogee, OK, presents an investment opportunity with a corporately guaranteed, investment-grade credit lease (S&P BBB). The tenant, Sherwin-Williams, has occupied the 6,000 square foot building since its construction in 1993 and has over 11 years of lease term remaining at a 6.73% average CAP rate. The tenant has demonstrated commitment to this location by exercising multiple options and recently signing an early 10-year lease extension. Sherwin-Williams (NYSE: SHW) is a publicly traded company with a market cap over $86 Billion. They operate in over 120 countries and were the largest coatings company in the world by revenue as of 2024. In addition to the building, the property generates income from a billboard located on the premises, leased to Clear Channel Outdoor, Inc, based on a percentage of revenue, offering potential income growth. The seller has invested in capital improvements, including a new roof in 2025 (with transferable warranty) and parking lot upgrades. Muskogee is the 13th-largest city in Oklahoma and is the county seat of Muskogee County, located approximately 48 miles southeast of Tulsa. Muskogee secured the top position in Oklahoma for capital investment in 2024, ranking #1 in the state with over $4.1 billion in announced projects. The property is centrally located in Muskogee, near major transportation routes, including U.S. Highways 69 and 62.

Key Highlights

  • Corporately guaranteed lease with investment grade credit (S&P BBB) Sherwin‑Williams.
  • Over 11 years of remaining lease term with Sherwin‑Williams.
  • Recent capital expenditures including a new roof in 2025 (with transferable warranty) and parking lot upgrades.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $90.0k $15.00
− Vacancy −$2.3k −$0.39
EGI $87.7k $14.61
− OpEx −$26.3k −$4.38
NOI $61.4k $10.23
6,000 SF · lease $15.00/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use
Retail
$876.6K
$767.0K – $1.02M (±1% cap)
NOI $61,362 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M (±1% cap)
NOI $87,910 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Sherwin-Williams Paint Store Hardware & Home Improvement

Suggested Use

Law Firm Dental Office HVAC Service Restaurant Auto Parts Store Gym & Fitness Center Hair Salon Electrical Service Building Supply Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Homeland Florist — 2410 Chandler Rd, Muskogee, OK 74403

FAQs

What type of property is this?
Storefront property - NNN leased Sherwin-Williams with over 11 years remaining in Muskogee,OK.
Where is this storefront property located?
The property is located at 1821 North York Street Muskogee, OK.
What is the asking price?
The asking price for this property is $737,000.
What are key features of this property?
This property features: Corporately guaranteed lease with investment grade credit (S&P BBB) Sherwin‑Williams.; Over 11 years of remaining lease term with Sherwin‑Williams.; Recent capital expenditures including a new roof in 2025 (with transferable warranty) and parking lot upgrades.
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