Building Details

Year Built 2000

Tenancy Single

Listing Agency: SRS Real Estate Partners Newport Beach

Listed By: Patrick R. Luther, CCIM · License #01912215 Show Phone

Source: Crexi

Added: Jun 29 Changed: Sep 4 Last Checked: Sep 1 at 9:50AM

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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 SRS Real Estate Partners Newport Beach

Investment Insights

Based on property information with market context.

This offering provides fee simple (land and building) ownership of a single-tenant Sherwin-Williams retail property structured as an NNN lease. The tenant has approximately nine years remaining on the lease term with no renewal options, creating an opportunity to address the property’s rental positioning at lease expiration.

The property has benefited from significant recent capital improvements, including a complete roof reseal with a 10-year warranty, new flooring, new ceiling tiles, and a serviced HVAC system. Under the lease, Sherwin-Williams is responsible for parking lot maintenance, and the company recently completed parking lot sealing with no deferred maintenance noted.

Sherwin-Williams is responsible for parking lot maintenance under the lease and operates as a global manufacturer, developer, distributor, and seller of paint, coatings, and related products through a network of Company-operated locations.

Key Highlights

• Fee‑simple retail NNN property leased to Sherwin‑Williams (NYSE: SHW), investment grade (S&P: BBB).
• Tenant has approximately 9 years of lease term remaining with no renewal options.
• Recent capital improvements include a complete roof reseal with a 10‑year warranty.

Property Analytics

Property Profile

Current Use

Sherwin-Williams Paint Store Hardware & Home Improvement

Suggested Use

Top Pick Electrical Service Bakery HVAC Service Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

925

Businesses Nearby

177k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 37% Dining 32% Apparel 23% Beauty & Spa 7%

QuikTrip Shops & Services

30,376 visits/mo 0.5 miles

Savers Thrift Store Apparel

22,334 visits/mo 0.3 miles

Circle K Shops & Services

20,372 visits/mo 0.4 miles

Goodwill Apparel

18,307 visits/mo 0.4 miles

IHOP Dining

10,507 visits/mo 0.3 miles

Demographics for 85209, AZ

44,192

Population

21,921

Households

2

Avg Household Size

44

Median Age

33%

College-Educated

93%

High-School Grad

11.8 sq mi

ZIP Area

3,745

Density / Sq Mi

$80,498

Median Household Income

$46,682

Median Earnings

$1,798

Median Rent

$363,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Fee-simple retail NNN property leased to Sherwin-Williams with limited landlord responsibilities and recent capital improvements.

Where is this nnn property located?

The property is located at 2323 S Power Road Mesa, AZ.

What is the asking price?

The asking price for this property is $1,961,000.

What are key features of this property?

This property features: Fee‑simple retail NNN property leased to Sherwin‑Williams (NYSE: SHW), investment grade (S&P: BBB).; Tenant has approximately 9 years of lease term remaining with no renewal options.; Recent capital improvements include a complete roof reseal with a 10‑year warranty.