2323 S Power Road Mesa, AZ 85209

Building Details

Year Built

2000

Listing agency SRS Real Estate Partners Newport Beach e***@srsre.com Show Phone

Listed by Jake Prater · License #CA 02090490

Source Crexi

Added: Jun 29 Updated: Jul 21 at 3:13PM Checked: Jul 21 at 3:13PM

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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.

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FAQs

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.